Deferred profit-sharing plan

Deferred profit-sharing plan,

Definition of Deferred profit-sharing plan:

  1. Type of deferred compensation plan in which an employees shares are held in a trust with other accrued benefits until his or her retirement, in order to qualify for lower rate of income tax. Also called deferred distribution profit sharing plan.

Meaning of Deferred profit-sharing plan & Deferred profit-sharing plan Definition