Ask Terry Questions Profit Sharing

Profit Sharing

By Terry Savage on September 05, 2023 | Investments

My work does not tell me what my profit sharing is invested in. Why don’t they tell me and are they suppose to?

Terry Says

This is not like a 40l(k) plan where you control the investments. In a 40l(k) plan, it’s YOUR money, deducted from your paycheck.
In a profit-sharing plan, it’s the employer who contributes and the employer who decides on the investments.
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