Omaha Steve
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Thu Oct-20-11 10:41 PM
Original message |
Poll question: Do you get profit sharing at work? |
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30 years ago things like pensions and profit sharing were normal. Times have changed. Sound off.
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dkf
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Thu Oct-20-11 10:45 PM
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Omaha Steve
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Thu Oct-20-11 10:56 PM
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But profit sharing is a certain percentage (up to 15% by law I believe) that gets set aside for eligible employees to share. That is not the same as a defined percentage match to a 401K. In other words if the company looses money there would be no match with profit sharing. But a company can still contribute to a 401K that looses money if it is not profit sharing. Clear as mud?
I last had profit sharing when I was in the private sector in 97.
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dkf
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Thu Oct-20-11 10:59 PM
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6. We have a 401k with a match and in good years a percent or two for profit sharing. |
brewens
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Thu Oct-20-11 10:46 PM
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2. Yes. I work for a not for profit blood center. We get it as a contribution |
kestrel91316
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Thu Oct-20-11 10:46 PM
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3. No. I just get bills. And migraines. And cat bites. What are profits?? |
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Edited on Thu Oct-20-11 10:47 PM by kestrel91316
:rofl:
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rexcat
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Thu Oct-20-11 10:57 PM
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5. Yes with qualifications... |
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I am self-employed, incorporated and have a defined benefits program that includes a profit sharing component and money purchase plan. Since I am the only employee of the "corporation" all proceeds go to me which includes pay and pension plan. On the other side of the coin I am also responsible for all bills including taxes on both sides (corporate and personal taxes). I get to pay my federal, state and municipal taxes monthly. I also pay a CPA to do the books for the business. Being incorporated and the line of business I am in is a complex thing to manage.
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Lisa0825
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Thu Oct-20-11 11:00 PM
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7. I work for a not for profit teaching hospital, so no profit sharing, but we do get team bonuses. nt |
stevedeshazer
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Thu Oct-20-11 11:21 PM
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It doesn't amount to much.
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Modern_Matthew
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Thu Oct-20-11 11:23 PM
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9. Lol, yeah... but if any customers have accidents... it comes out of our bonus... |
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But the store manager and above lose nothing.
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Throd
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Thu Oct-20-11 11:28 PM
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10. Self employed. My boss is a dick, but profit sharing is 100% |
Omaha Steve
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Fri Oct-21-11 07:24 AM
Response to Reply #10 |
11. What does your boss get on "Bosses Day"? |
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Fri May 10th 2024, 10:41 PM
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