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Money purchase plan and variable match


Guest Moreno

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Guest Moreno

I was wondering if it's possible for the employer contribution to a money purchase plan to be a match of amounts contributed to a 457 plan? While the amount would vary per particiapnt based on his or her contribution to the 457 plan, I think that this should be okay because the formula itself is fixed an determinable (i.e., the employer would contribute dollar-for-dollar the amount that was contributed to the 457 plan). Does anyone have any thoughts on this?

Thanks.

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Guest Moreno

Thanks for your response. I think that the concept would be similar. The concern is whether the variable nature of the amounts contributed to the MPP plan (which is some cases could be zero) might run afoul of the requirement for consistent employer contributions.

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