If your profit sharing plan allows for employee contributions, then those are capped at $16,500 for EE money. The total amount of contributions (ER and EE) is capped at $49,000 indexed for inflation.
401k plans are part of a family retirement plans known as defined contribution.Other defined contribution plans include profit sharing plans,IRAS and simple IRAs.
Carmine V. Scudere has written: 'Pension and profit sharing plans for small & medium size businesses' -- subject(s): Law and legislation, Pension trusts, Profit-sharing, Taxation 'Pension and profit-sharing plans compliance guide' -- subject(s): Forms, Law and legislation, Pension trusts, Profit-sharing
Common types of retirement plans available include the 401k, the Defined Benefit Plan, the Profit Sharing Plan, and many others. More options and more information about these plans can be found on retirementplans.org
The maximum 401k contribution a person can make each year is $17,000. That amount is before taxes. It is estimated that 33% of Americans don't make a substantial contribution to their 401k plans.
Joseph J. Melone has written: 'Pension planning; pensions, profit sharing, and other deferred compensation plans' -- subject(s): Old age pensions, Pension trusts, Profit-sharing
Retireonline is the website for JP Morgan Retirement Plan Services. They offer a variety of retirement products including profit sharing, 401k plans, pension and cash benefit plans.
Profit sharing
Edward L. Archer has written: 'Employee plans and retirement plans under Canadian tax reform' -- subject(s): Law and legislation, Pension trusts, Profit-sharing, Taxation
Philip T. Crotty has written: 'Professional education for experienced managers' -- subject(s): Training of, Business education, Executives
Harsh Vardhan Mathur has written: 'A comparison of selected incentive plans' -- subject(s): Bonus system, Wages, Incentives in industry, Profit-sharing
FBR Capital Markets is associated with equity sales and trading. They are furthermore associated with the trading of mutual funds, hedge funds and pension and profit-sharing plans.
You can contribute to both traditional and Roth IRAs in the same year. However, you total contribution to all IRA plans must not exceed the maximum contribution limit of $5,000 ($6,500 if over 50).