Instead, profit-sharing plans
may be structured to put a greater percentage of compensation in the accounts of certain employees.
Other firms consider net worth and dividends to be paid before contributions to the profit-sharing plan
can be made.
If we could not find a record for an ESOP or profit-sharing plan
for a given company in our sample, we assumed that the company did not have such a plan.
America's first profit-sharing plan
was introduced in 1794 at the New Geneva, PA, glass works by Albert Gallatin.
Additionally, new funds going into a profit-sharing plan
Corporation 4 established a profit-sharing plan
in 1988 that was timely amended and received a favorable determination letter in 1996.
let you put away up to 15%, up to a total deductible contribution of $22,500.
However, ESOPs may no longer be appropriate for funding a matching program for a sponsor's 401(k) savings plan, formula-based profit-sharing plan
and other employee benefits.
Thus, if cash is tight, contributions to a profit-sharing plan
may be reduced, or even eliminated.
There are 2,927 employees in the profit-sharing plan
Maintains A, a nongovernmental profit-sharing plan
intended to be a qualified plan under Sec.