Profit Sharing Plans | American Pension Advisors | Indianapolis, IN

Profit Sharing Plans

Indianapolis Retirement Plan ConsultantsProfit sharing plans offer employers some of the greatest flexibility of any qualified plans available.

With a profit sharing plan, a company can contribute on a discretionary basis. Each year, the employer decides the amount, if any, to contribute to the plan. For tax deduction purposes, the company contribution cannot exceed 25% of the total compensation of all eligible employees.

In most cases, the contribution is allocated to employees in proportion to compensation, resulting in larger contributions for higher paid employees. This approach is often used as another way to reward the company’s most valuable people.

Your plan administrator from American Pension Advisors can help you determine what type of profit sharing plan is best for you, your organization, and your employees.

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