Profit Sharing Plan
A profit sharing plan is one type of defined contribution plan in which an agreement between a corporation and its employees allows its employees to share in the company's profits.
Profit Sharing
Related Category: Economics: Terms and Concepts
arrangement by which employees receive, in addition to their wages, a share of the net profits of a business.
profit sharing/money purchase combination plan
joint profit sharing and money purchase plan that is appropriate for businesses that desire the funding flexibility of the profit sharing plan and the higher tax-deductible (25% vs. 15%) contribution of ...
Profit Sharing Plan
A retirement savings plan offered in addition to a 401(k) by some employers.
In a profit sharing plan, your employer invests a certain percentage of your salary, based on company earnings, in a retirement account.
Women, profit sharing and deteriorating bosses
By Leslie Kossoff, January 11, 2011
Inside Job: Afflicted by conflicts of interest, economists must share significant blame for the global crisis
By Ian Fraser, February 24, 2011 ...
Deferred Profit Sharing Plan (DPSP)
A portion of company profits allocated by an employer to an employee's trust. Contributions on behalf of each employee are expressed as a percentage of salary.
Profit sharing plan:
A defined contribution pension plan that uses a variable level of contributions based on company profits. Profit sharing plans allow firms to limit allocations to a pension fund in lean years.
Profit Sharing Plan
DEFINED CONTRIBUTION PLAN characterized by the setting aside of a portion of an entity's profits in participant's accounts.
See also: Employee Benefit Plan ...
Profit Sharing Programs
See 401(a) Profit Sharing Program.
Prospectus
A legal document available to anyone who is considering investing in a fund.
Profit Sharing Plan
A retirement plan generally funded by a percentage of company
profits, but into which contributions can be made in the absence of profits.
Quebec Pension Plan ...
Profit Sharing:
Employer-sponsored retirement plan that allows employees to share in company profits. The employer makes contributions in profitable years to individual employee accounts.
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 plan - A 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
A profit-sharing plan is a type of defined contribution retirement plan that employers may establish for their workers.
profit sharing programs in which managers and employees receive a share of profits earned by the firm. (9, 13)
profits total revenue received from selling the product minus the total costs of producing the product. (6) ...
profit sharing plan: A type of defined contribution plan in which, employees can share in their employer's profits.
Pension/Profit Sharing Plans and Employee Benefits
These costs should be capitalized in the same ratio as the wages from which they came.
Other Deductions ...
Profit Sharing Retirement Plan
A plan that is established so that a corporation's employee may share in the company's profits. When there are profits, the corporation makes an annual contribution for each of its employees.
Profit Sharing: A defined contribution plan in which employers allow employees to share in company profits. The employer's contribution may vary from year to year with no minimum required.
See: Profit Sharing Retirement Plan
Employee Stock Ownership Plan (ESOP)
A plan that encourages employees to purchase stock of their employer. By participating in the plan, employees are able to partake in the company's management.
401(k)/profit sharing
403(b)
Roth 401(k)
SEP IRA
SIMPLE IRA
Unique qualities of employer plans
Employer-sponsored plans such as 401(k) or 403(b) plans offer some unique features such as loans and employer contributions.
Deferred Profit Sharing Plan (DPSP)Expand/Collapse
In a DPSP an employer makes cash contributions for an employee's retirement plans out of business profits. The contributions and earnings accumulate tax-free until withdrawn.
Deferred Profit Sharing Plan - DPSP
An employer-sponsored Canadian profit sharing plan that is registered with the Canadian Revenue Agency.
Deferred Profit Sharing Plan (DPSP): A plan which enables a company to share profits on a tax assisted basis with non-shareholder employees.
Deferred Profit Sharing Plan: Allows an employer to set aside a portion of company profits for the benefit of employees. A corporation makes a contribution to the plan on behalf of an employee.
Deferred Profit Sharing Plan. A registered plan for retirement savings purposes. Employers are the only ones that make contributions to this type of plan. Contributions made to the plan are based on the profits earned by the business.
Deferred profit sharing plan (DPSP)
A deferred profit sharing plan (DPSP) is one of three tax-assisted retirement savings plans that allow an individual to accumulate amounts on a tax-deferred basis in order to build a retirement fund.
Deferred Profit Sharing Plan (DPSP)
A trust arrangement whereby an employer distributes a certain percentage of company profits to his/her employees. It must be an arms length transaction, and employees are not eligible to make a contribution.
EMPLOYEE PROFIT SHARING System under which the employees of an enterprise are entitled by employment contract or by law to a share in the profits made by the enterprise.
Profit Sharing Scheme
A scheme where part of a companys profits are paid to employees as a reward for loyalty and contribution to the companys success. The reward...(Read more)
Profit Taking ...
Incentive plans that employ a profit sharing component work well in that they tend to emphasize that what is best for the company is also best for the employee.
The Tax Court also has jurisdiction to make declaratory judgments relating to the qualification of retirement plans, including pension, profit sharing, stock bonus, annuity, and bond purchase plans; the tax-exempt status of a charitable organization, ...
This approach is very convenient for cost and profit sharing, since all players know the incurring system cost. The asymmetric case, when there is an information gap between the players is more realistic, but poses new challenges.
"A type of reserve utilised by Islamic banks to minimise fluctuations in the profit distributed to unrestricted investment account holders (UIAH) in mudaraba based profit sharing investment accounts (PSIA) and sometimes to provide distributions ...
The Difference Between Stock Option and Profit Sharing Plans
This video by TV360 offers you expert advice on the difference between stock option plans and profit sharing plans, when your employer offers you these benefits. (00:56) ...
A group of qualified retirement plans, including profit sharing and money purchase defined contribution plans and a defined benefit plan, is available to self-employed people, small-business owners, ...
There are several ways to set up a Keogh using profit sharing, money purchase, or a combination plan. Since the contribution and reporting requirements are complex, it's wise to have professional help in setting up a Keogh plan.
Junk bond ratings: ...
Examples include paid absences (vacation, sick, holiday), insurances (health, dental, vision, life), pensions, profit sharing contributions, employer matching of Social Security and Medicare taxes, unemployment taxes, worker compensation insurance, ...
Contributions for employees to a SIMPLE plan would be reported on Line 19 of your Schedule C, as a "pension and profit sharing plan." Contributions for yourself are reported on Line 29 of your Form 1040.
Allocation Formula: Employers make contributions to employee profit sharing accounts based on an allocation formula. The formula also governs the reallocation of funds forfeited by employees who terminate from the plan.
INSIDER TRADING / INSIDER HOLDING: There is a problem with how Canadian Tire reports its insider trading -- the profit sharing plan reports so may tiny transactions that it overloads the system and therefore some trades are not visible.
Qualified Plans - An IRS-approved retirement plan, such as an IRA, HR-10 or Keogh, pension or profit sharing plan, and salary reduction plans (401K). "Qualified" means that the product has been qualified by the IRS to have special tax privileges.
ESOP - Is the Employee Stock Ownership Plan. It is similar to a profit sharing plan but, here, only the...
ESP - The ISO 4217 currency code for the Spanish Peseta.
A type of defined contribution plan (defined by section 401(k) of the Internal Revenue Code) that allows an employee to elect to defer income by making pretax contributions to a profit sharing plan, a target benefit plan, or a stock bonus plan.
Qualified retirement plan: A pension, profit sharing, or stock bonus plan set up by an employer to provide retirement benefits for employees that qualifies for special tax treatment.
Shared-appreciation Mortgage
A type of mortgage loan where the lender offers a below-market interest rate in exchange for profit sharing when the property is sold. This is typically only done with private funds/lenders.
operating income before restructuring costs, goodwill and other intangible assets, amortisation expenses and other items including foreign exchange gains and losses, gains and losses on sales of assets, pension costs and employee profit sharing and ...
The risk of interest fluctuations with regard to guaranteed interest rates and the reasonable expectations of policyholders regarding profit sharing.
IRR ...
Gilman, Profit Sharing (London, 1892); C. Robert, Guide pratique de la participation (Paris, 1892); Aneurin Williams, Twenty-eight Years of Co-partnership at Guise (Letchworth, 1908), ...
This can include profit sharing and worker representation on decision-making boards of corporations. Social services are important in social democracies. Such services include social welfare for the disadvantaged and unemployment insurance.
Qualified Retirement Plan
Qualified retirement plans are generally any plan or arrangement eligible for special federal income tax treatment. Examples of qualified retirement plans include 401(k) plans, profit sharing plans, IRAs, etc.
Depending on your plan's provisions, after you have been with your employer for a certain amount of time, you can take ownership of employer-contributed money in a pension fund or profit sharing plan when you leave the company.
Some 401(a) plans may allow for employee after-tax contributions or, in the case of a 401(k) plan, employee pre-tax contributions. Types of 401(a) plans include profit sharing plans, pension plans, and money purchase plans.
Alternatively, some of the most innovative private duty entrepreneurs have grown by making such managers real or quasi owners by giving them stock in a branch location (real, or phantom), profit sharing, or other meaningful incentive pay.
GUARANTEED INVESTMENT CONTRACT (GIC) A contract in which investors, usually corporate profit sharing or pension plans, ...
profit sharing An agreement under which employees share in the profits of their employer.
Profit sharing plan An agreement that allows employees to share in the corporation's profit.
Prudent Expert Act The revised version of the prudent man rule required by ERISA to guide managers of pension and profit sharing portfolios. Prudent Investor Act The primary rule for which professional money management, as stated by Judge...
 See also: Expense, Saving, Compensation, Banks, Acquisitions
  
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