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.
â¢401(k), 403(b) and profit-sharing plan elective deferrals stays at $18,000. â¢The catch-up contribution limit for participants age 50 or older stays at $6,000. (The catch-up limit applies from the start of the year to those turning 50 at any time during the year.)