Money-Purchase Pension Plan
A defined-contribution plan to which employer contributions are fixed.
Investopedia Commentary
Employers may contribute up to 25% of employees' compensation to a money purchase pension plan.
Related Links
Introductory Tour through Retirement Plans
Making Salary Deferral Contributions - Part 1
Making Salary Deferral Contributions - Part 2
See also: Defined Benefit, Defined Contribution, Pension Plan