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[Music] hello everyone welcome to my channel where i talk about personal finance today im going to talk about the benefits of 401k profit sharing plans before i get into the video be sure to subscribe and leave a comment below saying i subscribe i will try to personally reply to your comments lets get into the video if you are an employer looking for an attractive employee benefit that lets you plan contributions around your revenues consider a 401k profit sharing plan these plans allow you to make pre-tax deposits to your employees eligible retirement accounts after the end of each calendar year providing the flexibility to determine exactly how much you want to contribute based on your finances and goals the top five advantages of 401k profit sharing plans one you can pay out tax advantages bonuses if your company pays employees year end bonuses 401k profit sharing contributions can be an excellent part of that plan they tax deductible to your company and do not increase employees
