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Author Question: Characteristics of profit-sharing plans include all of the followingwith the exception of: (Read 52 times)

audragclark

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Characteristics of profit-sharing plans include all of the following with the exception of:
◦ A predetermined formula is used to allocate employer contributions to individual employees and to establish benefit payments.
◦ Forfeitures of benefits under the plan may be reallocated to the remaining participants.
◦ The company must make contributions to the plan if it has profits during the year.
◦ Annual employer contributions are not required, but substantial, recurring contributions must be made to satisfy the requirement that the plan be permanent.


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Marked as best answer by audragclark on Sep 13, 2020

sultana.d

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audragclark

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Reply 2 on: Sep 13, 2020
YES! Correct, THANKS for helping me on my review


LegendaryAnswers

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Reply 3 on: Yesterday
:D TYSM

 

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