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.
Advantages of a Deferred Profit Sharing Plan: 1  Easy to communicate and administer; 2  Contributions are tax deductible to the employer; 3  Contributions are not taxable to the plan member; 4  Employer contributions are not subject to EI and CPP/QPP deductions;