• A Profit Sharing Plan provides the business owner with discretionary, flexible contributions and an easy to understand retirement program. 

• Annual contributions may be as high a 25% of eligible company payroll each year and need not be made every year.  [Click Annual Plan Limits]

• Contributions may be allocated to eligible plan participants pro rata based on compensation, or by using an integration method with social security, in order to benefit the higher paid plan participants who earn more than the social security taxable wage base.

• Profit Sharing Plans may utilize a vesting schedule so that when short term employees leave, the non-vested portion of their account balance stays with the plan and the other eligible participants.

• Plan sponsors may select virtually any investment vehicle. 

• Within IRS limits, Profit Sharing Plans may offer loans to plan participants.

Please call Hembree TPA, Inc. at (888) 486-401k or e-mail us at info@hembreetpa.com to establish a new Profit Sharing Plan or review an existing Profit Sharing Plan.

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