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.
Maximum Contributions. You can contribute any percentage of your salary to the 401(k) as long as your contributions for the year do not exceed the limits set by the Internal Revenue Service. For 2013, the 401(k) deferral limit is $17,500, or $23,000 if you are over age 50.mployer contributions are free money that helps your account grow. For example, a company may match 50 cents on the dollar for employee contributions up to five percent of an employee's salary. You would want to contribute at least the five percent so you get the extra 2.5 percent from your company.