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profit sharing
(redirected from Profit Sharing Plans)

   Also found in: Dictionary/thesaurus, Financial, Encyclopedia, Wikipedia 0.01 sec.
profit sharing,
n a mechanism for funding a retirement plan for employees or members of a professional association. Members are eligible for a percentage of the net income based on predetermined formulae. Such plans, properly executed, are legal and ethical and are to be differentiated from fee splitting, which is illegal and unethical, in which a referring professional shares in the fee-for-service income of another professional.

profit
the amount by which income exceeds expenditure.

profit sharing
profit sharing between a professional and a lay person is illegal in most countries because it is considered to be improper for a nonveterinarian to have any authority over the quality and style of the work of a professional person.


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Qualified pension and profit sharing plans still provide fine tax shelters for business owners and employees.
Alltel Supports Variety Of Employment Benefit Plans Company: ALLTEL CORPORATION City: Little Rock Contact: Tom Orsini, Vice President, Treasurer Funds: Alltel Pension Plan Alltel Profit Sharing Plans Alltel's pension plan became effective January 1, 1972.
With 401(k) and profit sharing plans allowing for only a relatively small contribution of income to the plans, many individuals have been hard pressed to boost their retirement funds.
 
 
 
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