Profit Sharing Guide
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Profit Sharing
A plan option that can help business owners maximize tax benefits and reward their employees.
Profit Sharing
Profit Sharing is a type of employer contribution that can be utilized within a 401(k) plan to help business owners maximize their tax benefits in the plan.
What is Profit Sharing
Profit Sharing plans are a special kind of retirement plan that allow employers to make contributions to employees’ accounts based on company profitability.
Why Profit Sharing
Adding a Profit Sharing provision to the 401(k) plan allows the business owner to contribute up to $70,000 per year, compared to only $31,000 with a 401(k) plan alone.
How Profit Sharing Works
There are many options when it comes to Profit Sharing. Fisher is one of America’s top advisory firms, and we have deep experience helping business owners set up Profit Sharing strategies tailored to their needs.
Must-See 2-Minute Video
The Power of Profit Sharing
Watch this short video to learn how successful business owners can leverage a Profit Sharing component in their 401(k) to optimize the plan for tax savings.
| Visual | Audio |
|---|---|
| [Upbeat music] | Profit Sharing Fisher Investments® 401(k) Solutions |
| [The volume of the music is reduced] Female Voice: Profit sharing is a strategic tool that business owners can use to slash their taxes and turbo charge their savings. | A woman dressed in a navy blazer. A flyout in the lower left corner identifies her as Heather Wolfsmith Vice President of Marketing for Fisher 401(k) |
| A profit sharing plan can mean a lot of different things. The type that we are going to talk about today is related to a retirement plan. And there are really three main types of contributions an employer can make to a retirement plan. The first is a match contribution. The second is a safe harbor contribution. And the third is a profit sharing contribution. Which we’re going to talk little bit more about today. | The camera zooms in as the woman continues to speak. |
| Profit sharing is a type of flexible contribution that allows business owners to save up to the IRS maximum of $64,500 per year. That contribution also is tax deductible and grows tax deferred. | The camera zooms back out. |
| Profit sharing is a strategic tool for a business owner because it is both discretionary and flexible. A business owner can decide year-to-year whether to contribute and how much to contribute. It also has a 6-year vesting schedule. Which means that a business owner can incentivize employee retention. We are small business retirement specialists, which means we have the knowledge and expertise to help business owners implement these sophisticated strategies. | The camera zooms back in. |
| When our clients do better. We do better. | The camera zooms back in. |
| The screen dissolved to white | |
| The volume of the upbeat music increases. | Fisher Investments 401(k) Solutions. © 2021 Fisher Investments. Investing in securities involves the risk of loss. Intended for use by employers considering or sponsoring retirement. |
| Music fades out. | Screen fades to black. |
Compare Plans
Compare the different types of Profit Sharing to help determine which might be best fit for your business.
Profit Sharing Case Study
See how a business owner can leverage a Profit Sharing component to reduce her 401(k) costs by $51k per year.
Profit Sharing Guide
Learn how to maximize your Profit Sharing Plan to reduce plan costs and capture more tax savings.
Contact Us
One of our 401(k) business specialists would love to talk to you about your company’s retirement plan needs.
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