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.
1 Employer profit sharing contribution â Employers may also make discretionary contributions to all eligible employees, regardless of whether the employees make elective salary deferrals. 2  The employer profit sharing contribution must be pre-tax and not an after-tax Roth contribution.