Step (semi-tone)- the smallest interval in western music; when two keys are immediately adjacent to each other regardless of color.
What is a 'Profit-Sharing Plan' A profit-sharing plan, also known as a deferred profit-sharing plan or DPSP, is a plan that gives employees a share in the profits of a company. Under this type of plan, an employee receives a percentage of a company's profits based on its quarterly or annual earnings.
In addition to 401(k) plans, there is another defined contribution workplace retirement plan referred to as a profit sharing plan. A company can even offer a regular 401(k) and a profit sharing plan on top of that. Like 401(k) plans, profit sharing plans are employer-sponsored retirement plans that are subject to federal laws and protections.