Welcome to the Plantation. St. George Plantation Owners' Association is a private, gated community located on the west end of St. George Island, Florida. The Plantation is a special balance of nature and wildlife, pristine beaches and beautiful homes, social activities and solitude.
A 401(k) plan is simply a profit sharing plan with a provision allowing employee salary deferrals. Most 401(k) plans provide employer matching contributions based on a participantâs contribution, with an additional option for a profit sharing allocation.
The employee elects to have a portion of his or her wage paid directly, or deferred, into his or her 401(k) account. Unlike IRAs, borrowing funds from a 401(k) can be arranged for periods longer than 60 days, but you are going to pay to do it.he employee elects to have a portion of his or her wage paid directly, or deferred, into his or her 401(k) account. Unlike IRAs, borrowing funds from a 401(k) can be arranged for periods longer than 60 days, but you are going to pay to do it.