Originally Posted by
CleCapt
My bet is 13.066%
Minus taxes, Dues, etc.....
Enjoy
It's already been published by the company at 11.9%.
Originally Posted by
Airhogg
It has a lot to say when an employer is able to put said profit sharing into a deferred compensation plan such as a 401k, and when such payouts may be tax deductible by the company. That's why the company and team of tax attorneys structure and approve the rules of each plan. The most common method is a requirement of 12 months of service or a minimun number of hours worked, as explained to me by my friend who is a Tax Attorney. But maybe he pulled that out of his Ass???
It's not tax deferred, 25% is lopped right off the top as it's a bonus payment. Even if you put 100% into the PRAP before taxes.