Money Purchase Plan

Retirement plan with fixed-percentage employer contributions 
  • For businesses with predictable cash flows
  • Offers tax-deferred growth potential
  • Often offered in combination with a Profit Sharing Plan 
up to 25% of compensation or $53,000

annual contributions

December 31

deadline to establish the plan

Budgeting for retirement plan expenses made easy - image

Eligibility information

Available for self-employed individuals or owners of small businesses. Employees are eligible when they are age 21 and have worked at the company for at least one year (or two years if the plan does not have a vesting sechedule)

Loans are allowed - image

Budgeting made easy

A required fixed annual contribution for business owners and employees helps make budgeting for a retirement plan easy

Vesting schedules are permitted - image

Loans are allowed

Ability to borrow against the account

Vesting schedules are permitted

Establish a vesting schedule to determine when the contributions in a participant’s account fully belong to them

Get up to $600 plus 60 days of commission-free trades

 for deposits of $10k or more.1 How it works

Get up to $600 plus 60 days of commission-free trades

 for deposits of $10k or more.1 How it works

Explore similar accounts

Individual and Roth Individual 401(k)

Retirement savings for the self-employed

This plan gives self-employed individuals with no employees other than a spouse the ability to maximize their retirement savings.


A retirement plan similar to a 401(k)

A SIMPLE IRA is an easy, inexpensive plan for businesses with less than 100 employees.

Profit Sharing Plan

A flexible plan for small businesses

This full-featured plan lets small business employers make discretionary deductible contributions to their employees' retirement savings.