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.
Unlike a Pension plan, profit sharing plan contributions are not mandatory, but must be substantial and recurring. Profit sharing could account for the increase in the value of your 401(k). Investment performance could also account for the increase...or it could be a combination of both. Profit sharing plans are a type of retirement plan. In a profit sharing plan, your employer contributes some of his/her money towards your retirement. Often times, profit sharing plans are linked with 401(k) plans.