retirement

Retirement benefits of professional athletes

Retirement benefits: Major League Soccer
Retirement benefits: Major League Soccer

Before the Major League Soccer Players Union formed in 2003, pro soccer players were represented by the NFL Players Association. MLS implemented a retirement plan in 2004 with the signing of the first collective bargaining agreement.

The league offers an elective 401(k) plan allowing player contributions up to the IRS limit, which in 2014 is $17,500. Employer matches were established in 2005, amounting then to 2 percent of each player's base salary, up to the IRS limit. The employer contribution in 2014 is 3.5 percent, up to the IRS limit of $52,000. All contributions vest immediately.

 

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