Topic Archive: Profit Sharing

How Should We Handle It If We Accidentally Overfund Our 401(k) Match?

DWC | 02/20/18


Our company sponsors a safe harbor 401(k) plan with a match, and we also make a profit sharing contribution each year. Our payroll company calculates match and profit sharing contributions along the way, and we fund both of those each pay period. This year, when our TPA calculated the total match and profit sharing contributions for the year, we discovered that we funded more than we needed to throughout the year.

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Exactly the Same but Completely Different

Adam C. Pozek | 09/17/14

At the end of August, I made my first trip to Burning Man, an annual event held in the Black Rock Desert of northern Nevada.  With 10 guiding principles, it involves art, music and free-spiritedness.  This experiment in temporary community sees 65,000+ attendees converge on a dried-up lake bed, build a temporary city and leave behind no trace that it ever existed only a couple of short weeks later.  Katie Couric, Chris Taylor and Grover Norquist describe it better than I could.

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Donald Trump, Elves and 401(k) Plans – Part 1

Adam C. Pozek | 04/25/11

“Real estate doesn't interest me. It's no doubt a great flaw in my personality, but I can't think in terms of boundaries. Those imaginary lines are as unreal to me as elves and pixies.”  -- Kurt Vonnegut, Jr.

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Confession Is Good For The Soul…And The Checkbook

Adam C. Pozek | 09/24/10

Over the last few weeks, I have spoken with at least four plan sponsors who just became aware that they missed the April 30, 2010 deadline to restate their plan documents for EGTRRA.  For those in certain federally declared disaster areas, the deadline was extended to July 30, 2010.

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