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this weeks installment of 52 tips on waves that we can increase profitability in your business what were going to do today is talk again about 401ks this is the third of of the 401 k series i originally talked about investment fees and i talked about admin fees now what i want to talk about is match versus a profit sharing plan a lot of people have gotten into profit sharing plans where theyre providing three four percent of their employees salary so that they can maximize their own contributions into the 401k in theory to reduce tax but think about this if all of a sudden youre just getting a tax deduction of twenty thousand dollars on a forty thousand dollar contribution that ultimately youre going to have to pay back to the government later and maybe at a higher tax rate are you really saving any money are your employees really valuing that profit sharing plan that youre giving it or are you just doing it for the tax savings so im going to tell you right now if youre just do
