profit-sharing plan
plan by which corporate executives and employees receive a share of the company's net income on some equitable basis. Such basis may relate to salary level and service years.
Profit-sharing plan
Definition: [crh] An incentive system providing that employees share in companys profits through a cash fund or a deferred plan usedDefinition: to buy stock or bonds.
Profit-sharing plans. Profit-sharing plans are now the most popular type of plan, especially for small businesses. They offer the greatest flexibility in contributions and are simple to administer.
Profit-sharing plan
An incentive system providing that employees share in company profits through a cash fund or a deferred plan used to buy stock or bonds.
Profitability index ...
PROFIT-SHARING PLAN: A defined-contribution plan structured to offer an employee participation in company profits that he or she may use for retirement purposes.
Profit-sharing plans: Type of corporate retirement plan in which contributions are made out of net profits, either based on a precise formula or merely made in substantial and systematic way.
Profit-Sharing Plan - An employee benefit plan established and maintained by an employer whereby the employees receive a share of the profits of the business.
Profit-sharing plans are usually vested in 10 years, although in some cases a plan may essentially serve as a pension by allowing a limited amount of vesting should the employee retire or leave on good terms after an extended period of employment.
Profit-sharing plans offer employers certain flexibility. For example, in a year without profits, they don't have to contribute at all. And they can vary the amount of each year's contribution to reflect the company's profitability for that year.
Deferred profit-sharing plan (DPSP)
A profit-sharing plan under which an employer sets aside a portion of profits for the benefit of employees based on the company's net earnings.
Pensions, profit-sharing plans, money purchase plans, cash balance plans, SEP-IRAs, SIMPLEs, and 401(k)s are all examples of qualified plans, though each type works a little differently.
Professional responsible for the securities portfolio of an individual or institutional investor, such as a mutual fund, pension fund, profit-sharing plan, bank trust department, or insurance company.
The plan may provide for employer contributions, as in a pension or profit-sharing plan, as well as employee contributions.
When you retire, you may have the option of taking the value of your pension, salary reduction, or profit-sharing plan in different ways.
A defined contribution plan or profit-sharing plan that provides an individual account for each participant, allows participants to choose, from a broad range of investment options, how their accounts will be invested, ...
An ESOP is similar to a profit-sharing plan. A company sets up a trust fund, into which it contributes either new shares of its own stocks or cash to buy existing shares.
IMRS 09-0001106 - Form 4852, Substitute for Form W-2, Wage and Tax Statement or Form 1099R, Distribution From Pensions Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc.
DEFINED CONTRIBUTION PLAN - 401(k), 403(b), 457, and profit-sharing plans are examples of defined contr...
DEFINED EVENT - The definition applicable to the trigger of a loss in an insurance policy, particularly...
A tax-advantaged fiduciary relationship between an employer and an employee in the form of a stock bonus, pension, or profit-sharing plan in which the underlying beneficiary may use his or her life expectancy to determine required minimum ...
A provision in the IRA law allowing individuals who receive lump-sum payments from pension or profit-sharing plans to "roll-over" into, or invest that sum in, an IRA. IRA funds can be "rolled-over" from one investment to another.
amounts received from an employee profit-sharing plan
Self-employment income is not included in employment income.
A pension is a qualified retirement plan set up by a corporation, labor union, government, or other organization for its employees. Examples of pensions include profit-sharing plans, stock bonus and employee stock ownership plans, thrift plans, ...
The payment within one year of the full amount of your interest in a pension or profit-sharing plan. To qualify as a lump-sum distribution -- and for favorable five-year or ten-year averaging -- other requirements must be met.
Such plans include a: 401(a) tax-qualified plan, 401(k) profit-sharing plan, 403(a) annuity, 403(b) annuity, 408(a) individual retirement account, 408(b) individual retirement annuity and 457(b) governmental deferred compensation plan.
Excluded from this definition are real estate investment trusts, tax qualified pension and profit-sharing plans pursuant to I.R.C. ยงยง 401 and 403(a), tax-sheltered annuities pursuant to the provisions of I.R.C.
Keogh plan types include money-purchase plans (used by high-income earners), defined-benefit plans (which have high annual minimums) and profit-sharing plans (which offer annual flexibility based on profits).
(2) defined contribution plans - provide an individual account for each participant and benefits based on items such as amounts contributed to the account by the employer and employee and investment experience. This type includes PROFIT-SHARING PLANS, ...
VESTING The right an employee acquires over time through length of service with a company to receive employer-contributed benefits from a pension fund, profit-sharing plan or other qualified plans or trusts.
stock bonus plan A profit-sharing plan that delivers benefits to employees in the form of stock rather than cash. stock buyback See buyback. stock certificate A document reflecting legal ownership of a specific number of stock shares in..
 See also: Expense, Acquisitions, Banks, Investment decisions, Compensation
  
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