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New Retirement Plan Has $100,000 Deferral Limit

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NU Online News Service, Oct. 9, 12:16 p.m. – Metavante Corp., a unit of Marshall & Ilsley Corp., Milwaukee, has introduced the OnePersonPlus plan, a defined-benefit retirement plan for freelancers and owners of businesses with one to five employees.

Customers who use the plan can defer income on as much as $100,000 in 2002 contributions, compared with a maximum of $40,000 in contributions made to other types of plans, Metavante says.