For example, assets held in a qualified pension or profit sharing plan are exempt from state-law claims, such as malpractice claims.
If you've got a money-purchase plan, roll it into a profit-sharing plan or a SEP--contributions to both are totally discretionary each year.
The long-popular paired Keogh, which combines a profit-sharing plan and a money-purchase plan is now obsolete.
Turns out, in January 1999 Bridgehampton distributed its Take-Two shares to Peter and his profit-sharing plan.
If you want to save more or can't use a Simple, consider a SEP-IRA or a profit-sharing plan.
She also plans to have the farmers partake in a profit-sharing plan.
She donated to help set up a library--and promptly began to design several business operations, including an accounting system and the profit-sharing plan.
The key difference, however, is that you can add a 401(k) allowing employee contributions to a profit-sharing plan, but not to a SEP.
Owning another 31% of Take-Two via Bridgehampton was the profit-sharing plan of Brant-Allen Industries, a company Peter owned with partner Joseph Allen (who pled guilty to the same charges as Brant in 1990).
She could contribute 20% of that to a profit-sharing pension plan.
For example, Adobe Systems Inc. in San Jose posts its employee benefits online, including deductibles for medical and dental insurance, payroll deductions for optional coverage and details about its sabbatical programs, 401(k) plan, profit sharing and employee stock purchase plans.
For those in Mr. Davis's shoes, other possible solutions include establishing a profit-sharing or defined-benefit pension plan, or staying on the job as a salaried employee, consultant or paid chairman.
Gill and his wife plan to set up a family office in the next year to formalize profit-sharing structures now in place.
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The new plan was announced after The Wall Street Journal reported that Citigroup is shelving an unusual executive profit-sharing arrangement that raised hackles with investors following its adoption in 2011.
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