August 15, 2008

Received My Profit Sharing

Good news, a $730.72 company profit sharing contribution was deposited into my 401(k) account today.

With the poor economy, my company only contributed $12K total to the plan this year, much less than last year. Therefore, I knew I would not be receiving the $3K that they gave me last year. Nonetheless, I was happy to relieve 6% of the total they contributed to profit sharing this year. There are close to 40 employees in the company, so I feel like I received more than my fair share.

I'm fully vested, so 100% of the money is ours, although we won't be touching it for 20+ years.

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