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What About Profit-Sharing Plans?

BY JOHN J. JURCAGO

Please note: This item is from our archives and was published in 2005. It is provided for historical reference. The content may be out of date and links may no longer function.

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I was disappointed that the article “ IRAs and 401(k)s: How to Pick the Best Plan ” ( JofA , Mar.05) did not even mention defined contribution/profit-sharing plans. These allow an owner to pick an amount each year and have limits on contributions of up to 100% of compensation vs. the 25% limit in an SEP.

John J. Jurcago, CPA
Strongsville, Ohio

Letters to the Editor
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