With the April 18 tax deadline fast approaching, many law firms are tallying their 2010 income and looking at the best ways to share profits with their employees. In the past, this has been a fairly subjective, if not time-intensive, process. But thanks to a tiered profit sharing 401(k) plan that’s designed specifically for small firms and partnerships, that’s all about to change.

WHAT IS A TIERED PROFIT SHARING 401(K)?

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