Welcome to the Plantation. St. George Plantation Owners' Association is a private, gated community located on the west end of St. George Island, Florida. The Plantation is a special balance of nature and wildlife, pristine beaches and beautiful homes, social activities and solitude.
A 401(k) plan is simply a profit sharing plan with a provision allowing employee salary deferrals. Most 401(k) plans provide employer matching contributions based on a participantâs contribution, with an additional option for a profit sharing allocation.
Combination PlanâIn this type of plan the participant has the option of deferring all. or part of the profit-sharing allocation. That portion taken as a deferral is placed into the. participantâ s account, where it and investment earnings accrue tax free until withdrawal. Any amount taken in cash is taxed currently.