Question

delta airlines and general motors both have profit-sharing arrangements with employees. what is a profit sharing plan?

Answer 1

An employee's profit share depends on the company's operating profit for the year.

What is a profit-sharing plan?

A profit sharing plan is a form of retirement plan where the employer contributes a percentage of the company's profits to employee retirement accounts. The contributions are usually determined by the company's profit margin and the number of years that each person has worked for the company. The sum of money that is added to the employee's account is typically decided by the employer and might range from a few percent to a set sum of money. The donations are typically placed in stocks, bonds, and mutual funds.

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