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|Money Purchase Plan Uses Defined Groups; Must List in the SPD?|
BenefitsLink Message Boards
Oct. 1, 2021
"Money purchase plan, so 'individual rate groups' are not currently an option, nor do they seem to be an option in the current restatements. So plan uses 'Defined Groups' wherein all regular staff receive the same percent contribution. Owners, HCE's and other senior positions receive different defined percents which are defined by group. Does the SPD need to disclose what percent the owners and other groups receive?"
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