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What is profit-sharing?

A profit-sharing plan is a defined contribution retirement plan that allows an employer or company owner to share the profits ...
Detroit Free Press

UAW members at GM could get up to $14,500 in profit-sharing checks

As a result of General Motors' yearly gains in profits, about 45,000 U.S. hourly workers will receive a record-setting profit-sharing check. GM said Tuesday that the 2024 pretax payout for its ...
World Socialist Web Site

Anger erupts as Stellantis workers told profit-sharing checks will be cut by 73 percent

Anger erupted on social media and in the factories after Stellantis workers in the US were told this week they will get a “profit-sharing” check of $3,780 for 2024, a drop of 73 percent from last year ...
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Is a Solo 401(k) a Profit-Sharing Plan?

A solo 401(k), also referred to as a one-participant 401(k) or individual 401(k), is a retirement plan designed specifically for self-employed individuals or business owners with no full-time ...
Detroit Free Press

Tariffs will cause drop in autoworkers' profit-sharing checks, bonuses, analysts say

Anderson Economic Group predicts the Detroit automakers will see a combined $5 billion reduction in operating profits in North America in 2025 due to tariffs. If that's the case, UAW workers could see ...