deferred profit-sharing plan
1Deferred Profit Sharing Plan - DPSP — An employer sponsored Canadian profit sharing plan that is registered with the Canadian Revenue Agency. On a periodic basis, the employer shares the profits made from the business with all employees or a designated group of employees. Employees… …
2Profit-Sharing Plan — A plan that gives employees a share in the profits of the company. Each employee receives a percentage of those profits based on the company s earnings. Also known as deferred profit sharing plan or DPSP . This is a great way to give employees a… …
3profit-sharing plan — An incentive system providing that employees share in company s profits through a cash fund or a deferred plan used to buy stock or bonds. Bloomberg Financial Dictionary …
4profit sharing — profitsharing, adj. the sharing of profits, as between employer and employee, esp. in such a way that the employee receives, in addition to wages, a share in the profits of the business. [1880 85] * * * System by which employees are paid a share… …
5deferred compensation — Compensation that will be taxed when received and not when earned. An example is contributions by an employer to a qualified pension or profit sharing plan on behalf of an employee. Such contributions will not be taxed to the employee until the… …
6deferred compensation — Compensation that will be taxed when received and not when earned. An example is contributions by an employer to a qualified pension or profit sharing plan on behalf of an employee. Such contributions will not be taxed to the employee until the… …
7Deferred compensation — is an arrangement in which a portion of an employee s income is paid out at a date after which that income is actually earned. Examples of deferred compensation include pensions, retirement plans, and stock options. The primary benefit of most… …
8Nonqualified deferred compensation — In the United States, the question whether any compensation plan is qualified or non qualified is primarily a question of taxation under the Internal Revenue Code (IRC). Any business prefers to deduct its expenses from its income, which will… …
9Cash Or Deferred Arrangement - CODA — The method of funding any type of qualified profit sharing or stock bonus plan. Cash or deferred arrangements allow employees to contribute a portion of their salaries to the plan so that their savings can grow tax deferred. The most common type… …
10401(k) Plan — A qualified plan established by employers to which eligible employees may make salary deferral (salary reduction) contributions on a post tax and/or pretax basis. Employers offering a 401(k) plan may make matching or non elective contributions to …
