In other ways, the profit-sharing 401(k) plan works similarly to a traditional employer-sponsored 401(k). Under a 401(k) profit share plan, as with a regular 401(k) plan, an employee can allocate ...

Early withdrawals are generally subject to a 10% penalty, in addition to normal income taxes. But there are lots of ...

A profit-sharing plan is a defined contribution retirement plan that allows an employer or company owner to share the profits in the business, up to 25 percent of the company’s payroll ...

A profit-sharing plan gives employees a portion of the profits a company earns. This type of retirement plan, which is also known as a deferred profit-sharing plan, provides a discretionary ...

Usually through a profit-sharing or ESOP plan, or at least by allowing employees to purchase stock themselves inside of their 401(k) plan. The disadvantage is when you withdraw money from a ...

Instead, the loan becomes a tax liability. "It is deemed a distribution from the plan," explains David Wray, president of the Profit Sharing/401(k) Council of America, which represents companies ...

Administration is simple and exact, and owners may contribute a substantial amount, offering larger tax deductions than a profit-sharing 401(k) plan or a 403(b) plan. A fully insured plan is a ...