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Old 12-14-2014 | 12:56 PM
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APC225
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Someone somewhere said more profit than 2013 as a starting point for the calculation, but the formula has changed so it lowers our share, making it a wash. I.e., about the same dollar amount into your account.

3-H-2 For profit-sharing based on the years 2012 and 2013, the Company profit sharing plan shall be funded with fifteen percent (15%) of pre-tax profit.

3-H-3 For profit-sharing based on the years 2014 and beyond, the Company profit sharing plan shall be funded with ten percent (10%) of pre-tax profit up to a pre-tax margin of six and nine-tenths percent (6.9%) plus twenty percent (20%) of pre-tax profit in excess of a pre-tax margin of six and nine-tenths percent (6.9%).
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