Profit Sharing Plan

Profit Sharing Plan

by Richard C. Wilson & Family Offices Group Association Team

Family Office Definition: Profit Sharing Plan

Profit Sharing Plan definition:  A profit sharing plan is a method for sharing business profits with employees by making discretionary contributions.  Profit sharing plans are defined contribution retirement plans with a vesting schedule and restrictions on withdrawals. Profit sharing plans are generally more of an administrative burden than IRAs but not as complex as 401(k) plans. Contribution limits are higher than most other plans.

Download our free Family Office Report to learn more about the family office industry.

Read more Family Office Definitions

Tags: What is profit sharing plan?, profit sharing plan definition, profit sharing plan family office, profit sharing plan term, define profit sharing plan, profit sharing plan wealth management, profit sharing plan multi-family office, profit sharing plan single family office

Leave Your Response

* Name, Email, Comment are Required

We run the Family Offices Group, the #1 largest family office association with 84,000+ global members. We offer live events, a bestselling book, Webinars, a family office database, and a family office training & certificate program called the Qualified Family Office Professional (QFOP). To get to know us please watch this 2 minute video, and contact us any time during pacific business hours by calling (212) 729-5067 or emailing us at

Free Family Office Report (PDF)

Contact Details for 1,000 Family Offices in Excel