Related Posts
Hi fishes,
I have 4.5 years of experience in .net and angular in cognizant I'm working I got call from Genpact but In Genpact they are asking me join as lead consultant is it normal software engineer position or what any idea ..for only 4.5exp is it sufficient for lead consultant position.. firstly what is the responsibilities for lead consultant in GenpactGenpact
More Posts
Woohoo! Welcome deals pros!
Who needs a day between Saturday and Sunday?
New to Fishbowl?
unlock all discussions on Fishbowl.




We don’t have “profit sharing,” but we do have a bonus program and the amount each employee receives is based on job level and overall company performance. Ours by default goes into our normal direct deposit accounts, but employees can request that some or all of it goes into the 401k before we pay it out.
Rising Star
Nice. Thank for your response
We receive 10% profit share annually into our 401k
Rising Star
Thanks for the feedback.
Pro
Is there a requirement to get profit share? Do you have to contribute enough to get a match and the profit share is on top of that? Or do you have the option to contribute less or opt out of contributions yourself into the 401k?
Rising Star
In the situation I shared, the profit share goes straight into the 401k and isn’t tied to a required employee contribution. It’s separate from any match, so participation in the plan doesn’t determine whether you receive it. The main point I was weighing was the structure of how it’s paid out, not eligibility to receive it.
Does Allstate require employees to contribute a minimum percentage before qualifying for profit share, or is it structured as an employer-funded contribution regardless of deferrals?