Profit Sharing
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.
Read this: https://www.investopedia.com/terms/p/profitsharingplan.asp
