Skip to content
The American Retiree
Menu
  • Retirement
  • Money
  • Social Security
  • Health
  • Market Insider
Menu

Tag: profit sharing

How Profit-Sharing Plans Benefit Both You and Your Employer

Posted on August 12, 2022September 10, 2022 by Dee

Sharing wealth is a great way to motivate employees. Profit sharing is a popular addition to 401(k) plans, along with bonuses, raises, and other perks. Profit-sharing plans are employer-sponsored retirement plans that contribute pre-tax dollars to employee accounts based on the company’s profitability. Employees of the organization are eligible to participate in profit-sharing at the employer’s discretion. Profit-sharing plans combine flexibility with significant tax advantages for employers and employees and can be advantageous to both.

Subscribe to our daily newsletter


  I accept the privacy policy

Recent Posts

  • Healthcare Can Cost You Thousands During Retirement. Here’s How to Plan For It.
  • Could You Survive On $16,000 Per A Year? You May Need To If You Rely On Social Security
  • If You Put Money In A Retirement Account, You Might Qualify For A Huge Tax Credit
  • Is Social Security At A Tipping Point?
  • Here Are 14 Methods for Improving Your Financial Decision Making
©2023 The American Retiree - Privacy Policy | Anti-Spam Policy