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Profit Sharing Plan

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Profit Sharing Plan

File Type: Word          Price: $29.99         Add To Cart:

                                                                                   

Summary: This document is a model profit-sharing plan that is intended to give you an idea of what a typical profit-sharing plan contains.  You can modify this profit-sharing plan to meet your specific circumstances.  Of course, if you intend to use this plan, you should make sure that your attorney, accountant, and benefits advisor review it and approves any changes you make. You can save thousands of dollars having them review, rather than create, your employee profit sharing plan. Add To Cart

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Return On Investment:

Save and estimated 25 to 30 hours using this profit-sharing plan as your framework to write your own.

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This Topic In The News
Junk money and subtrusts (Marco Eagle)
Want to make a grown man cry? Tell him that all those beautiful dollars in his qualified plans (profit-sharing, 401(k), IRA and the like) are only worth $.27 cents to $.30 after taxes. Sorry, but it’s true. The IRS hits you with two taxes: Income tax (up to 40 percent or more, including state and federal) and estate tax (up to 55 percent using 2011 rates). Then, of course, (depending on where ...
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The U.S. Department of Labor has filed a federal lawsuit against Maryland Sound & Image and the trustees overseeing its 401(k) profit-sharing plan. The agency claims that trustees Walter Hill and Janet Sumner did not deposit employee contributions from the Baltimore business into the plan between January 2003 and December 2006. Representatives of the light and sound company, which counts Oriole ...
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Entrepreneurs are using their IRA and 401(k) savings to buy, recapitalize, and start small businesses as conventional and SBA lenders make fewer loans. Many entrepreneurs are using a little-known qualified plan called the BORSA™ that enables them to use their retirement savings to buy or start a business without incurring a taxable distribution or borrowing against their plan.

 

  

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