Profit-Sharing Plan Features | |
---|---|
Funding Source | Employer |
Maximum Contribution |
25% of Compensation $61,000 (2022) and $66,000 (2023) |
Plan Establishment Deadline | Business tax return due date, including extensions |
Account Structure | Employer-Administered Group Trust |
Additional Plan Features |
✔ Withdrawal Restrictions ✔ Vesting ✔ Plan Loans |