Ishaan is a Hindu name of Sanskrit origin and one of the names given to the deity Shiva (the Supreme Being within one of the major branches of Hinduism).lthough Ishaan is an ultra-popular name in the ultra-populated country of India, it is an extremely rare one here in the United States.
Safe Harbor Profit Sharing Formula. With the non-elective, profit sharing contribution, the safe harbor is met by the employer making a required profit sharing contribution to a defined contribution plan on behalf of each non-highly compensated employee eligible to participate in the plan. The contribution amount must be equal to at least three percent of the employeeâs compensation.
Pros and Cons of Employee Profit Sharing. Profit sharing is an example of a variable pay plan. In profit sharing, company leadership designates a percentage of annual profits as a pool of money to share with employees or a portion of employees such as executives. The pool of money generated is then divided across covered employees using a formula for distribution. This formula can vary from company to company.