• Employee retirement solution tied to business profitability - Profit Sharing Plans

Profit Sharing Plans for Retirement

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Profit Sharing Plans for Retirement
Funds contributed by an employer to a profit sharing plan are discretionary, and go into a separate account for each employee according to the terms of the plan you design. Profit sharing plans have a lot of flexibility in their design, and prototype plans are available to reduce the planning and administrative burden on you.

When a profit sharing plan includes a 401(k) feature, employees may allocate a portion of their salary to their account. Our investment professionals will help you craft a profit sharing plan that benefits both your business and your employees.

Service Features

  • Flexible design
  • No set annual contribution amount, if you choose
  • Option to include a 401(k) feature so employees can also contribute to their accounts

Service Benefits

  • Contributions are not required every year
  • Strong employee incentive

Investments are:

  • Not a Deposit  
  • Not Guaranteed by the Bank or its Affiliates  
  • Not FDIC Insured  
  • Not Insured by Any Federal Government Agency  
  • May Go Down in Value  

Investments available through First Tennessee Brokerage, Inc., member FINRA, SIPC, and a subsidiary of First Tennessee Bank National Association.

The Securities and Exchange Commission requires broker-dealers to publish certain order related data. Click here to view this data as required by Rule 606.

First Tennessee does not offer tax or legal advice. You should consult your tax and/or legal advisor regarding your individual situation.

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