Originally Posted by
WTFover
Profit Sharing is paid directly annually and is a percentage of salary as I understand it. To be eligible one must have been employed for ALL of the previous year, so those hired in January 2013 won't get PS until 2015.
Not quit right, but almost. You are not eligible for the first year of employment. You do not have to be employed ALL of the previous calendar year. The above example is right but misleading.
A better example, hired Oct '12, you will get profit sharing for Nov '13 and Dec '13 pay in the 2014 distribution of 2013 profit sharing.