USA
In the United States, a profit sharing plan can be set up where all or some of the employee's profit sharing amount can be contributed to a retirement plan. These are often used in conjunction with 401(k) plans.
Read more about this topic: Profit Sharing
Famous quotes containing the word usa:
“It is hereby earnestly proposed that the USA would be much better off if that big, sprawling, incoherent, shapeless, slobbering civic idiot in the family of American communities, the City of Los Angeles, could be declared incompetent and placed in charge of a guardian like any individual mental defective.”
—Westbrook Pegler (1894–1969)
“The biggest difference between ancient Rome and the USA is that in Rome the common man was treated like a dog. In America he sets the tone. This is the first country where the common man could stand erect.”
—I.F. (Isidor Feinstein)