New comparability - a new concept in profit sharing plan design.

Over the years, many thousands of organizations have maintained profit sharing plans, which are the least complex type of retirement plan. Under a profit sharing plan, an employer's contribution can be allocated to the eligible participants in one of several ways. In the simplest case, an employer contributes a specified percentage of the pay - e.g., 4% or 5% - of each employee. Under an "integrated" approach, an employer contributes a higher percentage of pay above the Social Security ...