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Can I increase my pre-tax contributions to the Money Purchase Plan?
No. Money Purchase Plans have a set pre-tax contribution and this amount may not be increased or decreased in accordance with rules established by the Internal Revenue Service. However, full-time employees may contribute pre-tax amounts to the 457 (b) Deferred Compensation Plan. Please this link for more information: http://www.broomfield.org/index.aspx?NID=901.

Show All Answers

1. Can I increase my pre-tax contributions to the Money Purchase Plan?
2. What options do I have to contribute voluntary after-tax contributions to the money purchase plan?