Monday, March 16, 2009

Profit Sharing

My company has a fantastic benefit for all of us employees: a profit sharing plan!

I recently received the 2008 statements for my own contributions to my 401k as well as employer-matching contributions. There was another statement in the package for profit sharing.

I was pleasantly surprised to see that for 2008 (even though I only started at the firm in June), I received a nice sum of $1,424.15. However, due to the vesting schedule, I will not be 100% vested in the profit sharing plan until I have worked at the company for 6 years.

But still, even if I only receive a portion of that benefit - something is better than nothing!


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