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Foreign profit sharing is a valuable strategy for business owners to reduce taxes and enhance savings. This discussion focuses on profit sharing as it relates to retirement plans, highlighting three main types of employer contributions: match contributions, safe harbor contributions, and profit churn contributions. Profit sharing serves as a flexible contribution option, allowing business owners to contribute up to the IRS maximum of $64,500 per year. These contributions are tax-deductible and grow tax-deferred. Additionally, profit sharing is discretionary and flexible, with business owners able to determine year-to-year contributions. It also features a six-year vesting schedule.