Employers that set up money purchase plans must declare a set contribution level each year in the plan document, based on employeesâ salaries. Companies can contribute up to 25% of the total annual compensation of all plan participants, up to 100% of each participantâs salary or $54,000 (in 2017, up from $53,000 in 2016), whichever is less.
Eelgrass is a submerged aquatic vegetation (plant) Despite all of their differences, algae and plants can often appear deceptively similar. So, next time youâre on the beach and you come across what appears to be a plant, take a second glance because it may in fact be algae.
Seaweed is a microorganism that grows in oceans, lakes, rivers and other bodies of water and is comprised of algae. Algae is a plantlike organism that doesnât contain actual roots, flowers, leaves and stems, but does contain the green pigment known as chlorophyll.