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 very, very broad term that is used to describe the many marine plants and algae that live in the worldâs waters. Kelp is actually a subgroup of seaweed and is also the largest form of seaweed. Seaweeds range in size from the microscopic to the massive, while kelp are so large and complex that they form massive underwater forests.