1. What is the difference between 401 k) matching and profit sharing ?

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asked May 12, 2022 194k views

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Meowgoesthedog · Answer 1 · 2022-05-17T11:00:47+0000

Answer:

In a 401(k) that allows an employer match – employees can receive employer contributions as well as make their own contributions. ... But in a profit-sharing plan, only employer contributions are permitted (i.e. an employee cannot make any contributions)

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1. What is the difference between 401 k) matching and profit sharing ?

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