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Profit Sharing Plans

Profit Sharing Plans help you provide a strong incentive to employees to increase profitability by linking contributions to business performance. Flexible plan design gives you discretion in the amount contributed annually and in selecting a vesting schedule.

Profit Sharing Plan Benefits

• Employer contributions are tax-deductible to your business up to 25% of total payroll compensation 
• Annual contributions can go as high as 100% of an employee's compensation or $45,000, whichever is less
• You can establish a vesting schedule of up to seven years (six years for matching contributions)
• May be limited to full-time employees at least 21 years of age who have completed at least one year of service with your company (two years if vesting is immediate)
• Comprehensive array of plan services and dedicated, responsive service team simplifies administration
• Employees gain a sense of ownership by sharing in company profitability and success

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