Originally Posted by
Hawaii50
I read as no change to 2016 payout (Feb 2016) and based on 8% higher rates for last few months of 2015. Then reduced rate for 2017 payout (Feb 2017) but based on 14% higher rate than now throughout 2016. Is that wrong?
The change in profit sharing levels begins with every dime you make starting 1/1/2016. In other words, on 1/1/2016 the threshold for 10% is $1 to $6 billion and the 20% starts at over $6 billion. Our current year (2015) would be the last year for 20% starting a $2.5 billion.
Denny
Oops, just re read your post and yes I think you are right. Disregard the above.