Originally Posted by
sailingfun
Plan on profit sharing being about 7.5 percent of your 2013 gross pay. Gross pay is not W2 pay. You need to look near the bottom right of the paystub to find gross which can be 30k or more then W2. You do have to back last years profit sharing out of the gross. That figure times 7.5 should be pretty close this year.
You would not use gross pay for the calculation. You would use the sum total of your FLT ADV and FLT PAY for the year and then multiply by the applicable percentage. Expense reimbursements, profit sharing, shared rewards, etc are not included as part of your annual compensation for purposes of profit sharing. This has not changed since the profit sharing program came into existence. The specifics can be found in
Section 3 A.1.