A type of plan wherein certain employees of a company share in a portion of the company's profits. This portion of the profits is set aside and may be distributed immediately, or may be distributed at a later date, for example, at retirement, death, or termination. This type of plan may qualify for tax exemptions as outlined in the Internal Revenue code.
Related information about profit sharing plan:
- Profit sharing - Wikipedia, the free encyclopedia
In the United States, a profit sharing plan can be set up where all or some of the employee's profit sharing amount can be contributed to a retirement plan.
- Profit Sharing Plans for Small Businesses
This booklet highlights some of a profit sharing plan's advantages and some of your options and responsibilities as an employer operating a profit sharing plan.
- Profit-Sharing Plans: How do they work?
Your employer-sponsored profit-sharing plan provides for the tax-deferred ... A profit-sharing plan is a defined contribution plan in which your employer has ...
- Profit-Sharing Plan Definition | Investopedia
A plan that gives employees a share in the profits of the company. Each employee receives a percentage of those profits based on the company's earnings.
- How to Build a Profit Sharing Plan | Inc.com
Apr 19, 2010 ... How to create a profit sharing plan that motivates your employees and drives revenue.
- Profit sharing plan - Financial Dictionary - The Free Dictionary
A plan by which an employer distributes a set percentage of the company's profits to its employees. Employers may distribute the portion of its profits immediately ...
- The ABCs of profit-sharing plans - Oct. 4, 2000
Oct 4, 2000 ... If someone asks whether you have a profit-sharing plan at work and you have a 401(k), your best answer is: "Technically."
- Profit Sharing Plan Description - Wells Fargo Advantage Funds
A Profit Sharing Plan is one of the most flexible qualified retirement plans. ... All contributions to a Profit Sharing Plan (up to the allowable limit) are deductible for ...