Banking Deductible Profit Sharing Plan Salary 
Vantage Circle
JUNE 16, 2021
If that's the case, a profit-sharing plan is just right for you! According to a Gallup poll, 40% of the employees want profit-sharing options as a part of their compensation plan. In simple words, profit-sharing is a way to contribute a portion of your company's profit to your employees.
Insperity
FEBRUARY 3, 2011
Employees can contribute up to up to $11,500 annually to this plan. The employer is required to contribute at least two percent of the employee’s annual salary to the plan. Many companies opt for a profit sharing plan, which places no requirement on contributions, and the business can link the amount it contributes to profits.
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