TITLE

ECONOMIC AND LEGAL ASPECTS OF PROFIT-SHARING PLANS

AUTHOR(S)
Simons, Gustave
PUB. DATE
October 1948
SOURCE
Industrial & Labor Relations Review;Oct48, Vol. 2 Issue 1, p76
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
Profit sharing is an economic tool that deserves careful study. But while profit sharing presents many useful opportunities to achieve a more stable economy, there are many economic, legal, and tax problems which must not be overlooked. When we talk about a profit-sharing plan, what is meant is a plan to distribute the profits of an organization among its employees in cash, annually or more often. When we talk about a profit-sharing trust or a trusteed plan, what is meant is a plan to place a share of the profits of an organization in trust for the benefit of its employees. Out of this trust fund distributions are made to members after a stated period of time, at death, retirement, in the event of sickness or disability, during economic crises, or the like.
ACCESSION #
6448602

 

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