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.
Individual 401k Contribution Limits. The 2015 Individual 401k contribution limits are $53,000 and $59,000 if age 50 or older (2014 limits are $52,000 and $57,500 if age 50 or older). The annual Individual 401k contribution consists of 2 parts a salary deferral contribution and a profit sharing contribution. Salary Deferral Contribution. 2  In 2015,100% of W-2 earnings up to the maximum of $18,000 or $24,000 if age 50 or older can be contributed to an Individual 401k (2014 limits are $17,500 or $23,000 if age 50 or older). 3  Profit Sharing Contribution.