Are GM Retirees Getting A Bonus This Year? Under the new UAW national agreement, General Motors and Ford retirees will no longer receive a bonus from the two automakers. What happened to GM retirees benefits? Retirees Keep Pension Lose Some Health Benefits In GM Bankruptcy Did the UAW retirees get anything in the new contract?
How Much Is Profit Sharing Usually? There is no typical profit-sharing percentage, but many experts recommend staying between 2.5% and 7.5%. Keep in mind that there is no set amount that must be contributed each year, but there is a maximum amount that can be contributed, which fluctuates with inflation. Let’s look at a profit-sharing
Can You Rollover A Profit Sharing Plan? Can you rollover a profit sharing plan? Rollovers. An employee can roll over assets from a profit-sharing plan to an IRA tax-free by withdrawing money and depositing it in the IRA within 60 days. If you miss the deadline, the IRS will treat the money as a distribution