deferred profit-sharing plan
Definition
Type of deferred compensation plan in which an employee's shares are held in a trust with other accrued benefits until his or her retirement, in order to qualify for lower rate of income tax. Also called deferred distribution profit sharing plan.
deferred profit-sharing plan is in the Accounting & Auditing and HR, Teams, & Training subjects.
deferred profit-sharing plan appears in the definition of the following term: deferred distribution profit-sharing plan
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