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Rules that govern Money Purchase Plans


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Guest kjvilla
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Is it possible to amend a money purchase plan to allow employee contributions? Or does this type of plan only allow employer contributions? Is it be possible in a money purchase plan to waive a one year eligibility requirement for new employees so that the employee is given the employers contribution as soon as the worker is hired? If yes, what needs to be implemented and who needs to implement such a waiver?

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