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 ?
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 (DPSP's).
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.