What is a profit sharing contribution?
If you are self-employed or a sole proprietor, you may be able to make profit sharing contributions to the Retirement Plan-in addition to your 401(k) before-tax and Roth after-tax contributions. The regulations governing the eligibility of profit sharing contributions are complex and you should obtain assistance from a tax specialist before making any profit sharing contributions. You will find a special profit sharing contribution calculator to help you determine your eligibility to make profit sharing contributions to the Retirement Plan and the maximum allowable amount of those additional contributions.
