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.
-Because 401(k) plans consist of a CODA attached to a profit sharing plan or stock bonus plan, employers may also make a contribution to the profit sharing or stock bonus plan -employee elective deferrals do NOT count against the plan contribution limit of 25%,so employer CAN make a contribution