Profit Sharing Plans
A way to share a good year with your staff, with the amount decided each year rather than fixed in advance.
Because the contribution is discretionary, the plan flexes with the business. That is its appeal and also the thing to plan around.
We look at how a formula would spread money across your workforce, and what it would mean in a strong year and in a thin one.
What this covers
What profit sharing involves
1
Deciding the yearly amount
2
How it is allocated
3
Combining it with other plans
4
What a thin year looks like
Talk it through before you decide anything.
Tell us where you are and what you are trying to protect.