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Profit Sharing Plans A Profit Sharing Plan is a defined contribution plan where employers may determine annually how much they want to contribute each year. Employers that are not sure how much they can contribute find this plan desirable, because they can base their decision on annual profits.
Integrated Profit Sharing Plans This type of Profit Sharing Plan is integrated with Social Security to increase the amount received by highly compensated employees.
Cross-Tested Profit Sharing Plans A Cross-Tested Plan is a defined contribution profit sharing plan that allows companies to provide varying levels of contributions to different classifications of employees. These plans are cross-tested, therefore, special nondiscrimination tests apply.
Age Weighted Profit Sharing Plans The Age Weighted Profit Sharing Plan allows employers to make contributions based on an employee's age and salary. This option offers those closest to retirement the ability to receive larger contributions than younger employees.
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