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Money Purchase Pension and Profit Sharing Plans Money Purchase Pension Plans (MPPPs) and Profit Sharing Plans (PSPs) are both qualified plans as set forth by IRC 401(a) and fully funded by an individual's employer. A Profit Sharing Plan is, as its name implies, a means by which an employer can share with employees discretionary contributions during profitable years of business. A PSP need not provide a determined formula for contributions. The employer can add to the plan based on company performance throughout the year though the contribution does not necessarily have to be tied to the profitability of the company. Money Purchase Pension Plans are funded by fixed contributions that are related to the employee's eligible compensation. These contributions are mandatory. These plans can be set up by corporations, government agencies, partnerships, small businesses and self-employed individuals. Remember-an employer must adopt a PSP or MPPP. An employee cannot simply establish the plan because he or she wishes to.   Learn more
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After the close of the
transaction where TD AMERITRADE Online Holdings, Inc. purchased
Fiserv Trust Company, deposits of IAS accounts that remain with
Fiserv Trust Company will remain on deposit with and FDIC insured through:
Fiserv Trust Company, member FDIC INVESTMENT PRODUCTS - NOT FDIC INSURED - NO BANK GUARANTEE - MAY LOSE VALUE |
Deposits of IAS accounts that moved
to Trust Industrial Bank after the close of the transaction where TD
AMERITRADE Online Holdings, Inc. purchased Fiserv Trust Company will
be on deposit with and FDIC insured through:
Trust Industrial Bank, member FDIC INVESTMENT PRODUCTS - NOT FDIC INSURED - NO BANK GUARANTEE - MAY LOSE VALUE |