Enhanced Profit Sharing:
Any year in which pre-tax profits exceed 7%, 50% of such profits in excess of 7% will be distributed to participating employees.
Capped at $100 million
Program ceases at end of loan period
50% paid as lump sum payments
50% paid to defined contribution base account above any minimum contribution requirements, but not in excess of maximum tax deductible.
Any year in which pre-tax profits exceed 7%, 50% of such profits in excess of 7% will be distributed to participating employees.
Capped at $100 million
Program ceases at end of loan period
50% paid as lump sum payments
50% paid to defined contribution base account above any minimum contribution requirements, but not in excess of maximum tax deductible.
