The challenge to handle Profit Sharing Plan can consume your time and overwhelm you. But no more - DocHub is here to take the hard work out of editing and completing your documents. You can forget about spending hours adjusting, signing, and organizing papers and worrying about data security. Our platform offers industry-leading data protection procedures, so you don’t need to think twice about trusting us with your privat data.
DocHub works with different data file formats and is available across multiple systems.
hi Im Scott Brown senior consultant for Retirement services at Hensler financial and on this edition of small business minute were going to take a closer look at profit sharing plans [Music] [Music] a profit sharing plan is a great way for employers to allow their employees to potentially share in the profits of a company in a tax efficient way these contributions can be made by employers to their employees after the end of the year one of the primary benefits for business owners interested in adding a profit sharing plan or a profit sharing component to their 401k plan is the flexibility that the plan allows by law now lets explore this a little bit deeper first there are several different profit sharing allocation formulas which can be used this is important because it gives the employer the option of how the profit sharing dollars are allocated to employees within the confines of the law next profit sharing plans allow for a vesting schedule to be applied toward the employer cont