A profit sharing plan offers employees the opportunity to share in the success of the company by distributing a portion of the profits among eligible employees. This type of retirement plan provides flexibility for employers in determining contribution amounts and plan features.

Key Features and Benefits:

• Tax-Deductible Contributions: Employers can make tax-deductible contributions to the profit sharing plan, providing potential tax benefits for the business.
• Tax-Deferred Growth: Contributions to the plan and any investment earnings grow tax-deferred until distributed, allowing for potential accumulation of wealth over time.
• Flexible Contribution Options: Employers have flexibility in determining the amount and frequency of contributions to the profit sharing plan, giving them control over the level of financial commitment to the program.
• Employee Retention: Offering a profit sharing plan can serve as a valuable employee retention tool by providing employees with a stake in the company’s success and fostering a sense of loyalty and commitment to the organization.

Secure Your Employees’ Financial Future

Profit sharing plans can be a powerful tool for incentivizing employees, fostering a collaborative work environment, and supporting long-term financial goals. Contact us to explore how a profit sharing plan can benefit your business and employees, and to discuss customizing a plan to meet your specific needs.

Advisory products and services are offered by Investment Advisory Representatives through Uwharrie Investment Advisors, a Registered Investment Advisor and subsidiary of Uwharrie Capital Corp and an affiliate of Uwharrie Bank.

Retail brokerage and insurance products are offered by Registered Representatives through Private Client Services, LLC. FINRA and SIPC member. Private Client Services and Uwharrie Capital Corp along with its affiliates and/or subsidiaries are separate, distinct, and unaffiliated entities. It is important to note that the securities and insurance offered are: NOT BANK DEPOSITS AND NOT INSURED BY THE FDIC OR ANY FEDERAL GOVERNMENT AGENCY – NOT OBLIGATIONS OF OR GUARANTEED BY ANY FINANCIAL INSTITUTION – SUBJECT TO RISK AND MAY LOSE VALUE. Risk(s) will vary depending on investment made by the client. A Uwharrie Investment Advisor Representative will review these risk(s) with the client prior to investing.

Customer Disclosures and Client Relationship Summary (Form CRS)