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.
The members of the LLC can make 401(k) deferrals during the year the same as the employees-with the usual overall limits. The partnership can (and should) match the partner's deferrals as well. The partnership cannot discriminate in favor of the partners or higher paid-the same percentage match is needed for all.ello All, A business owner and his wife have a 401(k) profit sharing plan with 3 full time employees who are eligible for the 401(k) plan. The three employees are W-2 employees.