LNS also offers a profit-sharing plan, which can be beneficial to both the employer and the employee.

This plan provides employers with the opportunity to share company profits with their employees. Plan contributions are discretionary and are not tied to company profits. In addition, the employer has the flexibility to choose a vesting schedule. A profit-sharing plan provides the employer with a key employee retention tool and a flexible retirement plan option. Some of the advantages of the Profit Sharing Plan include:

Employees work together towards a common goal (the success/benefit of the company).
Helps employees focus on profitability.
Enhances commitment to organizational goals.
A Profit Sharing Plan can also be used to enhance a 401(k) Plan.

To find out if this type of plan is suitable for your company, please contact one of our consultants at LNS.

PROFIT SHARING PLANS

		LNS also offers a profit-sharing plan, which can be beneficial to both the employer and the employee. This plan provides employers with the opportunity to share company profits with their employees. Plan contributions are discretionary and are not tied to company profits. In addition, the employer has the flexibility to choose a vesting schedule. A profit-sharing plan provides the employer with a key employee retention tool and a flexible retirement plan option. Some of the advantages of the Profit Sharing Plan include: Employees work together towards a common goal (the success/benefit of the company). Helps employees focus on profitability. Enhances commitment to organizational goals. A Profit Sharing Plan can also be used to enhance a 401(k) Plan. To find out if this type of plan is suitable for your company, please contact one of our consultants at LNS.