A profit-sharing plan is a retirement plan that gives employees a share in the profits of a company. The employee receives a percentage of a company’s profits based on its quarterly or annual earnings.

Related Terms

  • Variable Annuity

  • Traditional IRA

  • SIMPLE IRA

  • SEP IRA

  • Roth IRA

  • Rollover / Contributory IRA

  • Joint

  • Individual 401(k)

  • Individual

  • Fixed Annuity

  • Designated Beneficiary (TOD)

  • Custodial

  • Corporate

  • Cash Balance Pension Plans

  • 401(k)