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Any business, whether a C Corporation, S Corporation, partnership, sole proprietorship, self-employed can establish Plan. You set the eligibility requirements at the time the plan is established.

Money purchase plans offer tax deductible contribution, tax deferred growth and taxable distributions.

If they wish, the employer can restrict individuals with less than 2 year service, union members, non US citizens, part-time workers etc., from being eligible for the plan.

Plan has a definite contribution formula in which the employer promises to contribute a definite amount each year on behalf of each participant.

All contributions plus earnings are allocated to individual accounts, which determine the individuals benefit at retirement.

Contributions to each participant cannot exceed the lesser of 25% of compensation or $42,000.

Employer must meet minimum funding requirements. Percent contribution chosen by employer when plan is adopted must be met annually.

Loans permitted if allowed by plan.

IRS approved prototype available.

Vesting Schedule.

Plan can be integrated with Social Security.

Reallocation of forfeitures.

Plan has full ERISA requirements and annual IRS 5500's series of filings.

As of January 1st 2001, Money Purchase Plans can be coupled with Defined Benefit Plans.

All Mutual Funds, Variable Annuities and Variable Life Insurance policies are offered by prospectus ONLY. For complete information including charges and expenses obtain a prospectus, and read it carefully before you invest.

Mutual Fund, Variable Annuity and Variable Life prospectuses are available directly from the issuing companies when product information is requested, and in some cases, they can be downloaded directly on the issuing company's internet website.

The tax deferral characteristic associated with variable annuities is not needed when used in an account that is by definition tax deferred (retirement accounts) and according to some sources variable annuities generally have higher fees and internal expenses than mutual funds.

Systematic and dollar cost averaging within Mutual Funds, Variable Annuities and Variable Life insurance policies does not assure a profit and does not protect against loss in declining markets. It involves continuous investment in securities regardless of fluctuating prices and the investor should consider his or her financial ability to continue purchases through periods of low price levels.

Investing in stocks, bonds, mutual funds and variable annuities does not guarantee a profit. All of these investments can lose money.

Stocks, bonds, mutual funds and variable annuities are not FDIC insured.

For specific information on how we can assist you in addressing a wide range of money purchase plan related issues and concerns, please complete and transmit the form found below.