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What about profit-sharing plans?



I was disappointed that the article "IRAs and 401 (k)s: How to Pick the Best Plan" (JofA, Mar.05, page 37) 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 1. SEP - Someone Else's Problem.
2. (tool) SEP - A SASD tool from IDE.
.

John J. Jurcago, CPA (Computer Press Association, Landing, NJ) An earlier membership organization founded in 1983 that promoted excellence in computer journalism. Its annual awards honored outstanding examples in print, broadcast and electronic media. The CPA disbanded in 2000.  

Strongsville, Ohio Strongsville is a city in Cuyahoga County, Ohio, United States. The population was 43,858 as of the 2000 Census. The current mayor, Thomas Perciak, was elected in November 2003 following the death of longtime mayor Walter F. Ehrnfelt in May.  

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Title Annotation:Letters
Author:Jurcago, John J.
Publication:Journal of Accountancy
Article Type:Letter to the Editor
Date:Jun 1, 2005
Words:113
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