National Pensions - CPA Oriented


Senior Pension Consultants

Profit Sharing

A profit sharing plan is where a company contributes some of its profits to the employees. The contributions can be invested in stocks, bonds or mutual funds, and can be immediate or deferred until age 70 1/2. Profit-sharing allows for changing contributions each year. Contributions are determined by a plan formula to allocate the funds between the employees, subject to nondiscrimination testing under ERISA


 

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