A Profit Sharing Plan is an arrangement that rewards employees by contributing set amounts to a retirement plan. Contributions are discretionary and do not have to be made every year. The employer maintains maximum flexibility in the amount and timing of the contributions. These contributions plus earnings grow tax-deferred until withdrawn.
Usually this plan type is incorporated into a 401(k) plan. We will work with you to determine the best allocation method for your situation and design the program that best meets your needs.