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If a plan participant terminates employment in January 2007, is he still entitled to share in the 2006 profit-sharing contribution?

April 26, 2017contribution employment entitled january 2007 participant Plan profit-sharing share terminates

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If a plan participant terminates employment in January 2007, is he still entitled to share in the 2006 profit-sharing contribution?

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Yes, any eligible participant who was employed on the last day of the plan year (December 31) is entitled to share in the profit-sharing contribution for the year in question.