What type of profit-sharing plan involves the firm placing a predetermined portion of profits in each employee's account under a trustee's supervision?
A)cash plan
B)Lincoln incentive system
C)Jefferson incentive system
D)deferred profit-sharing plan
E)employee stock ownership plan

Question

Quizplus · Accepted Answer

A deferred profit-sharing plan involves the firm placing a predetermined portion of profits into each employee's account, which is managed under a trustee's supervision, and is typically distributed at a later date, often upon retirement.

What Type of Profit-Sharing Plan Involves the Firm Placing a Predetermined