The bonus program for GM's hourly employees is different from that for salaried workers. The hourly profit-sharing plan is based on a negotiated formula with the UAW union. It is $1,000 per every ...

Employees who participate in the plan get traditional retirement benefits once they hit retirement age plus profit-sharing bonuses. Employers can contribute up to 100 percent of an employee’s ...

"From an employee standpoint, one should look at the profit-sharing plan as an end-of-year bonus program," says Brian Halbert, a retirement specialist at WD Pensionmark in Austin, Texas.