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DocHub is a web-driven solution letting you change your Profit Sharing Plan from the comfort of your browser without needing software installations. Owing to its easy drag and drop editor, the ability to include word in your Profit Sharing Plan is quick and easy. With multi-function integration options, DocHub enables you to transfer, export, and alter paperwork from your selected program. Your updated document will be stored in the cloud so you can access it readily and keep it secure. In addition, you can download it to your hard drive or share it with others with a few clicks. Alternatively, you can turn your form into a template that stops you from repeating the same edits, including the ability to include word in your Profit Sharing Plan.
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[Music] welcome to part one of our profit sharing plan Insight videos in this video we are going to discuss what a profit sharing plan is a profit sharing plan is a form of a defined contribution DC plan that relies on employer contributions to employees accounts a business owner who wants to set up a profit sharing plan for the benefit of herself and her employees may make generous contributions that are tax tax deductible and enjoy tax deferred growth lets go over the basics of profit sharing plans profit sharing plans can consist of either cash bonuses or contributions to tax advantaged retirement accounts for the purposes of this video lets focus on the retirement savings side of things a profit sharing plan is a bit like a 401k minus the Deferred salary aspect take a 401k subtract the employee contributions and keep the company match and youve got a good idea of why what a profit sharing plan is with a profit sharing plan an employer establishes and makes voluntary contribution