Mutual Financial Success with a 401k Profit Sharing Plan

Mutual Financial Success with a 401k Profit Sharing Plan

A profit-sharing plan is a type of defined contribution plan that allows companies help their employees save for retirement. Contributions from the company are discretionary. The company can decide how much it will contribute from year to year, or even if it will contribute at all to an employee’s plan.

This flexibility makes it a nice retirement plan option for both small and larger businesses. A profit-sharing plan aligns the financial well-being of employees with the company’s success.
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