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Summary > Summary - Pg. 116

Staffing Up SEP-IRA Payroll Deduction IRA SIMPLE-IRA 401(k) Profit Sharing Defined Benefit Money Purchase Plan Immediate 100% Immediate 100% Employee and employer contributions vested 100% immediately. 116 Employee contributions vested immediately. Employer contributions may vest over time according to plan terms. May vest over time according to plan terms. May vest over time according to plan terms. May vest over time according to plan terms. Contributor's Options SEP-IRA Payroll Deduction IRA SIMPLE-IRA 401(k) Profit Sharing Defined Benefit Money Purchase Plan Employer can decide whether or not to make contribution year to year. Employee can decide how much to contribute at any time. Employee can decide how much to contribute. Employer must make matching contributions or contribute 2% of each employee's salary up to the set maximum. Employee makes contribution as set by plan option.The employer may match. Employer makes contribution as set by plan terms. Employer makes contributions as set by plan terms. Employer makes contribution as set by plan terms.