A profit-sharing plan is a retirement plan that allows an employer or company owner to share the profits in the business, up ...

GM announced profit-sharing checks up to $14,500 for 45,000 U.S. hourly workers, a record linked to its strong pre-tax earnings but contrasted by layoffs and an unchanged focus on gasoline vehicles.

The maximum amount of salary that can be used to calculate a profit-sharing amount is $290,000 for 2021. Employers create plans that indicate how benefits will be distributed. These plans are ...

Stellantis NV will report its 2024 financial results and profit sharing for U.S. employees on Feb. 26.

David Kindness is a Certified Public Accountant (CPA) and an expert in the fields of financial accounting, corporate and individual tax planning and preparation, and investing and retirement planning.

Based on Ford Motor Co.'s annual profits in the United States, some 57,000 hourly workers at its factory could get sizable ...