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 Qualified Retirement Plans
Profit-Sharing Plans
A profit-sharing plan is an agreement between a corporation and its employees that allows the employees to share in company profits. Annual contributions are made by the company, when it has profits, to a profit-sharing account for each employee, either in cash or in a deferred plan, which may be invested in stocks, bonds, or cash equivalents. The funds in a profit-sharing account generally accumulate tax-deferred until the employee retires or leaves the company. Contact us or your Financial Advisor for more information on profit-sharing plans. |
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