Sometimes owners have to be included and sometimes they do not. A Money Purchase Plan does not have to be offered to every owner, only those who are considered employees as well.
Money Purchase plans are pensions, and pension income is not paid to investors in a business, only employees. Profit Sharing plan contributions must reflect the proportional interest of an owner or employee in the business.
To learn more information about pension benefits, see “How are Pension Benefits Computed?”
For instance, in an LLC Partnership, 30% of the profits contributed to the plan would go to the account of the partner with a 30% ownership interest.
If I Want to Establish a Money Purchase/Profit Sharing Plan, Do I Have to Establish One for All Employees of My Business?
What are Articles of Incorporation?
What are Articles of Partnership?