profit sharing

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profit sharing

n.
A system by which employees receive a share of the profits of a business enterprise.

prof′it shar`ing


n.
the sharing of a portion of the profits from a business with employees, who receive it in addition to wages.
[1880–85]
prof′it-shar`ing, adj.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.profit sharing - a system in which employees receive a share of the net profits of the business
share, percentage, portion, part - assets belonging to or due to or contributed by an individual person or group; "he wanted his share in cash"
Translations
References in periodicals archive ?
Therefore, a profit-sharing plan may help your company to attract, motivate, and retain valued employees.
The company contributes about 12 percent of its pretax earnings to the profit-sharing plan.
Fortunately, the Qualified Combo Plan (the combination of a 401 (k) profit-sharing plan and a defined benefit plan) effectively expands the market for SFDB plans beyond the traditional profile of the small business owner with few employees.
The pool available under its profit-sharing plan will be $23-$27 million.
Jacobs, Ontario, had a profit-sharing plan for years.
401(k) plans and profit-sharing plan accounts, for example, may not borrow $100,000 from each of them tax free.
Such an individual will be better off with a straight profit-sharing plan because this delays the decision regarding a contribution amount for a particular year until the tax due date (including extensions) for the following year.
Beyond the traditional benefits package, Equipment World has also introduced a profit-sharing plan for salaried employees, which provides incentives for efficient work.
US Airways is to offer its employees a more attractive profit-sharing plan as it tries to secure further labour concessions in an attempt to avoid bankruptcy.
A profit-sharing plan (PSP) could purchase second-to-die insurance.
First, profit-sharing plan contribution limits will increase from 15 to 26 percent of total company payroll.