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Profit Sharing Plans provide the most flexibility among qualified plans available. With a Profit Sharing Plan, an employer can add up to 25% of total compensation to all eligible employees. An employer may allocate up to 100% of the participants’ compensation or $56,000 (indexed to the cost-of-living), whichever is less.
Unlike Defined Benefit Plans, employers are not required to make a contribution every year. In fact, many employers parallel the level of contribution to the profitability of the business, but an employer can still contribute regardless of the profitability.