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May 27, 2020
6:18
:51
pm
cougaman
All-American
I like getting it. Its usually about 5 % of my paycheck each year in addition
to my 401K that he matches at 6 %. So basically I put in 6 %, and he puts in 11 %.
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cougaman
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cougaman
Joined
Mar 11, 2006
Last login
Apr 24, 2024
Total posts
68,477 (4,402 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
kapcreations
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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