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Qualified
Retirement Plans
Age-Weighted
Profit Sharing - Frequently Asked Questions
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Are
contributions to age weighted profit sharing plans required
to be made every year?
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An
age weighted profit sharing plan, while specialized, is
still a profit sharing plan. As such, it still follows
basic profit sharing rules. Thus, contributions may be
discretionary and not required. |
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| Why
would a client choose this type of plan? |
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This
plan favors the older highly compensated employee. This
employee may be the owner himself. It also is attractive
because often the owner can get to the $30,000 maximum
allocation without exceeding the 15% of compensation limitation. |
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