Originally Posted by
Elusive Napkin
Also, you aren't eligible for profit sharing until you have completed your first full CALENDAR year. Which means... A person hired in January of 2013 isn't eligible to begin receiving profit sharing until January of 2015. Then you accrue that year to be paid in 2016.
Sorry, this is incorrect. A NH in Jan 2013 will begin accruing profit sharing on Jan 31, 2014, which is paid in 2015, off the eleven eligible months of 2014.