Originally Posted by
WTFover
I did not mean to mislead, only sharing as I understood from the explanation we were given. I appreciate the clarification.
Unfortunately, if I now understand correctly it is even worse. If hired Feb. 2013, PS would be first paid in 2015, but NOT for all of 2014, just March to December, the months following one full year of service?
That's not worse, it's better. You do NOT need to be employed for the entire calendar year to receive profit sharing. After your 1st year of employment, you begin profit sharing immediately.
In your example, hired Feb 2013, you would begin profit sharing March 2014 and receive first distribution on or before April 2015 (for your March 2014 - Dec 2014 employment).