A Profit Sharing plan allows an employer to decide the plan contribution amounts each year. Decisions may be based upon any differing levels of company profitability. Investments may be trustee-directed or directed by the individual participants.

Profit Sharing plans may include additional design features, such as a 401(k) deferral arrangement and/or an employer matching contribution. Also, New Comparability Groups can be created to allow certain employees participation in separate groups with varying contribution rates.

Please contact Associates In Excellence at 888-926-0600 if you have further inquiries regarding Profit Sharing plans.