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.
Contributions to 401(k) plans come from employee salary deferral and employer match dollars. According to the IRS, employees may defer up to $18,000 of their salary for 2015 and the employer may make match contributions based on that amount, plus additional contributions for bonuses or other purposes.or example, if a company has a 50% match on contributions up to 5% of the participant's salary, even if a participant earning $55,000 contributes $18,000, he would only receive a total match from his employer of $1,375.