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Money Purchase Plan
A type of defined-contribution retirement plan in which the employer's annual contributions are fixed and determined by formula.
Flexible Spending Account Plan
A benefit plan that allows employees to set aside pre-tax dollars for eligible expenses, such as medical or dependent care expenses.
Employee Retirement Income Security Act
The Employee Retirement Income Security Act (ERISA) is a federal law that sets minimum standards for retirement and health benefit plans in private industry to protect individuals in these plans.
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