Small law firm owners who want to customize profit sharing allocations in their 401(k) can consider the advantages of a tiered profit sharing 401(k) plan, as discussed by Stuart Robertson of ShareBuilder Advisors and Janissa A. Strabuk of law firm Tousley Brain Stephens.
March 18, 2011 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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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