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Author: UUinMN Three stars, 500 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76079  
Subject: Re: Need help to convince my boss! Date: 2/28/2000 5:59 AM
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Do you know how it can be set up so that some
employees are eligible while others might not be? Also, can there be different rules for eligibility form different employees or groups of employees?


When I set up the profit-sharing plan, the only choices I had on eligibility were:

1. Years of service
2. Hours of work in a year to count as a year of service
3. Minimum age.

I compared documents from several companies, and they were very similar. Identical in these parts, in fact. I think that these choices in the forms come straight out of the tax law.

There's no mention of selection by job category, merit, owner's preference, etc. Profit-sharing plans are not merit-based.

Michael
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