Funds contributed by an employer to a profit sharing plan are discretionary, and go into a separate account for each employee according to the terms of the plan you design. Profit sharing plans have a lot of flexibility in their design, and prototype plans are available to reduce the planning and administrative burden for you.
When a profit sharing plan includes a 401(k) feature, employees may allocate a portion of their salary to their account. Our corporate retirement plan specialists will provide investment options for a profit sharing plan that benefits both your business and your employees.
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