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.
Employer contribution = The total amount the employer contributes to the whole profit-sharing plan; How much does an individual get in the profit-sharing plan? Employee comp fraction multiplied by the employer contribution determines the individual employeeâs share of the employer contribution.