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 ...

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 ...

The simplified employee pension IRA is the simplest way for business owners to help their employees save for retirement. The plan is purely profit-sharing in nature ... and you can’t have a Roth ...