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Thanks for posting. If you have the time, it is my understanding that SW has an approximate 10% profit sharing payout. If you are able to deduct your profit sharing from your W2, could you let us know if its around 10% and your new adjusted W2?
Thanks for helping this discussion.
MC
You're welcome, MC. The company profit sharing & 401k match contributions do not appear in my W2 numbers. Both are pre-tax plans and profit sharing was 5.7% last year (it hasn't been 10% for a long time), while the company 401k match is 9.3%. Of course what is also not reflected in my W2 is the first 9.3% I had to contribute to my 401k to get the company's matching contribution. You may want to deduct that from my W2 to make a more valid comparison of retirement benefits.Originally Posted by Model Citezen
Smokey,Thanks for posting. If you have the time, it is my understanding that SW has an approximate 10% profit sharing payout. If you are able to deduct your profit sharing from your W2, could you let us know if its around 10% and your new adjusted W2?
Thanks for helping this discussion.
MC