Here’s some help from DOL

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May 27, 2020
4:21:36pm

kapcreations All-American

Here’s some help from DOL

https://www.dol.gov/sites/dolgov/files/EBSA/about-ebsa/our-activities/resource-center/publications/profit-sharing-plans-for-small-businesses.pdf

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kapcreations

Bio page: kapcreations
Joined: Aug 17, 2010
Last login: May 6, 2024
Total posts: 4,659 (19 FO)

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Messages

Author

Time

Thoughts on profit sharing? (either for the team or just key people?)

BYUfan92

5/27/20 4:07pm

Here’s some help from DOL

5/27/20 4:21pm

Thank you, will read thru that

BYUfan92

5/27/20 4:23pm

I would probably do it via an informal arrangement/bonu

mkg

5/27/20 4:50pm

If the goal is to keep a high-value employee, this usually won’t work.

Alister Mackenzie

5/27/20 5:15pm

Possibly. But, I don't think profit sharing plans help a ton in that situation

mkg

5/27/20 5:29pm

I've set up profit sharing for all of the employees in my company. For key employees and employees in certain levels of

specsauce

5/27/20 5:41pm

I like getting it. Its usually about 5 % of my paycheck each year in addition

cougaman

5/27/20 6:18pm

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