A profit-sharing plan gives employees a portion of the profits a company earns. This type of retirement plan, which is also known as a deferred profit-sharing plan, provides a discretionary ...
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What is profit-sharing?A profit-sharing plan is a defined contribution retirement plan that allows an employer or company owner to share the profits in the business, up to 25 percent of the company’s payroll ...
Or you could provide a match up to a certain dollar amount. Another type of employer contribution is 401(k) profit sharing, which allows a business to set aside a portion of its pre-tax profits in ...
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