Profit Sharing

A profit sharing plan is one of the most powerful incentives a business can offer its employees. It also offers an employer the opportunity to tax-shelter excess profits, and put in place a benefit plan where the contribution levels are not locked in year to year.

That is why at HSBC, we offer businesses, large and small, the full range of services necessary to support this type of plan:

• Trustee and custodial services
• Administrative services and participant recordkeeping
• Employee education and enrollment support
• Plan compliance monitoring and government reporting
• Asset Management Services

Because of the advantages this type of plan offers to both employers and employees, many employers offer this benefit together with a 401(k) plan. Recognizing this, each of the 401(k) plans that HSBC provides comes with an optional profit sharing feature at no cost to our customers. As a result, no matter what the size of your business, working with HSBC allows you to put this benefit in place effectively and cost-efficiently.