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.
Seaweeds are marine algae, saltwater-dwelling, simple plants, including red, brown, and green algae. Most algae have root-like structures called holdfasts that anchor the plant to rocks and other substrates. While blue-green species are called algae, they are actually bacteria.