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Profit Sharing Plan

An employer-provided retirement plan, to which the employer makes contributions for eligible employees. Profit-sharing contributions are deductible by the employer.

Profit sharing plan

Definition An employer-sponsored  qualified-retirement-plan, established by an employer for the benefit of its employees and their beneficiaries. Profit sharing plans are defined contribution plans,  funded

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Prototype Plan

Definition A plan that is made available by a prototype sponsor for adoption by employers and under which a separate funding medium is established for

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