A profit-sharing plan is a retirement plan that allows an employer or company owner to share the profits in the business, up to 25 percent of the company’s payroll, with the firm’s employees. The ...

New England Biolabs Inc. reached a class settlement with workers who say they were wrongly forced to sell their company stock at an unfair price.

In 2025, employees aged 60, 61, 62 and 63 can make catch-up contributions up to $11,250. Profit-sharing plans are a type of employer-sponsored retirement plan, similar to a 401(k) or 403(b).

An internal document obtained by the Free Press reveals how much more GM will pay out in bonuses to its salaried workforce ...

In 2025, the SECURE 2.0 Act allows a new "super catch-up provision" for individuals who turn ages 60 to 63 before the end of ...

As the restaurant plans to expand and hire more staff, Huang hopes to create an environment where employees can grow together and share success. Apart from profit-sharing, the restaurant also ...

The founder of Johnson Products Co., as he insists in his new memoir, “Afro Sheen: How I Revolutionized an Industry with the ...

He also noted, however, that there are some temporary employees that are not eligible at this time to receive the profit-sharing bonus ... that the company does not plan to alter its EV strategy ...

This is easier in the for-profit world by providing equity for all employees, profit sharing plans, etc. It is harder for nonprofits given our missions and models, but we can still challenge the ...

Discover how Desjardins group RRSP can support employees. Learn key features and benefits, tax advantages, and investment strategies in this guide ...