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Bookmark or Share- What Is a Profit-Sharing Plan? - The BalanceA profit-sharing plan is a type of defined contribution plan that allows companies to help their employees save for retirement. Employers use these plans to give their workers a stake in the company's success. It's also a nice benefit that can be used to attract new hires.
- What Is Profit Sharing? Pros and Cons - ThoughtCoProfit sharing is a workplace compensation benefit that helps employees save for retirement by paying them a portion of the company’s profits if any. In profit sharing, the company contributes a part of its profits into a pool of funds to be distributed among eligible employees.
- Profit sharing - WikipediaProfit sharing is various incentive plans introduced by businesses that provide direct or indirect payments to employees that depend on company's profitability in addition to employees' regular salary and bonuses.
- Profit-Sharing Plan: What It Is and How It Works, With ExamplesProfit-Sharing Plan: A profit-sharing plan, also known as a deferred profit-sharing plan or DPSP, is a plan that gives employees a share in the profits of a company. Under this type of plan, an ...
- What Is Profit Sharing? | Definition, Examples, & More - Patriot SoftwareProfit sharing is a type of pre-tax contribution plan for employees that gives workers a certain amount of a company’s profits. The profit-sharing payments depend on the: With a profit-sharing plan (PSP), employees receive an amount based on the company’s earnings over a specific period of time (e.g., a year).
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