Profit sharing plans
must have a set formula for determining how the contributions are allocated among plan participants, but they needn't be traditional prorata plans, as illustrated in example 1.
These annual obligations can be avoided with profit sharing plans
Because of the limits applicable to profit sharing plans
as well as other defined contribution plans, the relative amount of plan funding available for highly compensated employees-typically business owners or key employees--represents a smaller percentage of their compensation than can be contributed for lower-paid employees.
However, qualified profit sharing plans
defer the actual receipt of the funds by the employees under much more formal arrangements.
Sentinel provides real estate investment advisory services to 60 institutional clients, including public funds, corporate funds, Taft-Hartley pension plans, profit sharing plans
and endowment funds.
This can have the effect of a much larger cash outlay that keeps increasing due to the creeping gift tax bracket Over the years, we have been involved with an exciting estate planning technique that allows for the acquisition of large amounts of survivorship life insurance in profit sharing plans
to assist in solving significant estate tax problems.
Alltel and its subsidiaries support a variety of plans -- a pension plan, and several profit sharing plans
Fellows has represented both corporations and associations in the adoption, amendment and qualification of pension and profit sharing plans
, employee welfare benefit plans and trusts, 403(b) annuities, 457 plans, health care plan issues, health savings accounts, cafeteria plans, ESOPs and incentive and deferred compensation plans.
Profit sharing plans
are often used by employers to distribute profits to their employees.
A significant number of individuals have accumulated substantial amounts in their qualified pension or profit sharing plans
UN) and are eligible for registered retirement savings plans (RRSP's), registered retirement income funds (RRIF's) and deferred profit sharing plans
DES MOINES, Iowa -- The Principal Financial Group(R), the nation's 401(k) leader and a total retirement solutions innovator, today announced it was selected to provide custodian and recordkeeping services for the deferred profit sharing plans
(DPSP) of the Magna International Inc.