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 Has anyone had experience of online insurance quotes?
Looking for house insurance. 2 companies came up with a direct quote, 2 others took all my info, then cut me off....


 If you have accident and insurancenot enough to cover medical bill,what happen to the rest of the bill?
...


 What is Surplus Lines (insurance)?
...


 Car insurance question?
i just got my liscence in pennsylvania, so how many days u have until u have to have insurance?

and since im 16, insurance rate are like crazy, and i wont drive so often, (like once a week)...


 What source should i use in order to get the complete insurance knowledge?
i want to knw a to z of insurance business. Pls help frm where to start and source also. thank ...


 I had an appraisal done 6 months ago?
I had an appraisal done 6 months ago and it came in at 400,000.00. I had recently put about 150,000.00 in home improvements in this house. I just got another one done and it came in at 390,000.00. H...


 Would you like a free quote on your auto Insurance?
I have the best rates just let me know if you want a quote....home and auto together save's the most money!...


 What company offers the cheapest life insuance?
...


 Why does NationWide ins. not pay valid Claims?
We were denied payment from NationWide ins. because we didn't have pictures and receipts on everything stolen...Who does?...


 Don't give up untiil the end?
...


 How do I know what kind of insurance a day care centre has?
...


 Insurance?
About how much more expensive is a life insurance policy for a smoker in realtion to a nonsmoker.( I need a figure)...


 What is the normal etiquette for paying for collision coverage without insurance?
If you can call it that. I was rear ended today and already got an estimate...it will take 2 to 3 days to fix the car. No insurance involved. Obviously the other individual will pay for the cost ...


 I'm filing a homeowner's insurance claim for stuff that was stolen from my car...?
They ask me to include my charge account number and type...I'm not entirely comfortable doing this. I know they're a legitimate company and everything, but can they just go into my credit ...


 Does the US have a hospital problem?
I heard the waiting rooms in all US hospitals are full of dangerous people and you have to wait hours for ...


 Is a life insurance inheritance taxed??
...


 Life insurance questions? please help?
my dad had life insurance through his work and paperwork was filed before he passed but not completed because he was expected to live a lot longer than he did. His will went unfinished and he did not ...


 Someone owes me money, can I have a life insurance policy on that person without that person"s permission?
My ex boyfriend owes me a large sum of money , if anything happened to him then I would not get the money owed to me....


 When You Ask for Medical at the Welfare office?
When you collect Medical For 6 years Do they collect money from Childs father.For all those you where on medical?& make them provie you with Health care?...


 I am LIC agent which policy is in great demand in market ? what is the profit to policy holder of that?
...



grumpyjen28 		What is a profit sharing plan?
what is the difference of a profit sharing plan and a 401k?
                     
 




Barkley Hound
Rating
A profit sharing plan is a company taking a percentage of their profit and giving it to their employees. It would be taxable at that time.

A 401k is an investment plan where you contribute part of your pay and the company may match it up to a point. There is no tax until you take the money out at retirement.


Mike
Rating
A 401(k) is an employer-sponsored plan where money is deducted from your paycheck (pre-tax) and almost always matched up to at least 5% by your employer. That money is put into an account, and you can allocate it and put it in mutual funds, and take it out when you are 59.5 years old.

Profit sharing is usually not pre-tax, and the employer gives you stock (at a discounted price) or direct bonuses based on profit the company makes. That money is not in a retirement account, so you can do what you want with it... roll it into a IRA, save it, or spend it.


Brian G
Rating
A 401K is paid into by the employee with their own money. An employer may or may not match the contributions, but if they do, they must do it the same for everyone who contributes to the 401K, regardless if the company makes a profit in their business.

Profit sharing is just what it sounds like. After the company closes it's books for the year and determines how much profit it made, part of that profit is paid to employees. Commonly only upper management is paid profit sharing bonuses, but the company can include or exclude anyone they choose.


TTerrell
profit sharing is when the company shares a portion of their profits with you. no profits...no sharing.

401K is money that you put towards investing and the company usually throws in some for you too. if you make a good investment choice..it will pay off very well and vice versa.


groverraj
401K is money you put into a retirement plan. It is taken from your salary before taxes are taken out. Some companies contribute a percentage into your 401K plan, The money grows without any taxes being charged...

Profit sharing plan is the money the company gives employees based on the company's profit... not unlike a bonus. In some companies the money from profit sharing plan is put into a pension fund.


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