Retirement — Private Sector
About this plan
A Money Purchase Plan is a defined contribution plan that requires the employer to make a fixed percentage contribution to each eligible employee's account every year, regardless of company profits. NBS administers Money Purchase plans with full compliance testing and annual filings.
What's Included
For Employers
A Money Purchase plan demonstrates a firm commitment to employee retirement savings. The mandatory contribution creates a predictable benefit — and NBS handles all the compliance and filings.
For Participants
Your employer contributes a fixed percentage of your compensation to your Money Purchase account each year. These mandatory contributions grow tax-deferred for your retirement.
IRS Contribution Limits
Annual limits set by the IRS for tax-advantaged retirement contributions.
Elective Deferral Limit
All eligible employees
Age 50+ Catch-Up Contribution
Employees age 50 and older
Available if your plan permits.
Super Catch-Up Contribution
Employees ages 60–63 (SECURE 2.0)
Available if your plan permits.
Maximum Annual Additions
All contributions combined (employer + employee)
Age 50–59 & 64+
$32,500
Base $24,500 + catch-up $8,000
Ages 60–63 (SECURE 2.0)
$35,750
Base $24,500 + super catch-up $11,250
Combined totals assume your plan permits the applicable catch-up.
Catch-up contributions are plan-optional — your plan document governs which are available. Limits updated annually by the IRS. SECURE 2.0 super catch-up (ages 60–63) continues for 2026. View on IRS.gov →
NBS administers more than Money Purchase Plans
Many employers use NBS across multiple benefit types — consolidating administration simplifies vendor management and gives your employees a consistent experience. You may also be interested in these related plans.
