The author and editors take ultimate responsibility for the content. A profit sharing plan is a type of retirement savings plan that enables workers to share in their company’s profits.

Employer-sponsored retirement plans usually take the form of either a 401(k) or a profit-sharing plan. Both options are tax-advantaged, but they differ considerably in how they work. To start ...

This can be offered in the form of a company retirement plan known as a deferred profit-sharing plan (DPSP). The Internal Revenue Service (IRS) limits the amounts that can be awarded annually ...

You can do this by creating a 401(k) and profit-sharing plan that will invest in your own future to save up to $67,500 a year for your own retirement, which may allow you to save up to $24,975 in ...

But we’ve also all probably looked at our 401(k) accounts and tried to figure out ... along with the inclusion of profit-sharing contributions. Because unforeseen events will come into play ...

A profit-sharing plan is a defined contribution retirement plan that allows an employer or company owner to share the profits in the business, up to 25 percent of the company’s payroll ...