Walgreens Employee Profit Sharing

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Walgreens Employee Profit Sharing

Posted by Breaud Alair on Friday, 14 February, 2020 17:14:21

Profit-sharing plans are retirement plans built around giving employees a percentage of the year's profits; as of 2010, the maximum annual contribution is 25 percent of an employee's salary or $49,000, whichever is less. Like most retirement plans, the money placed in a profit-sharing plan is tax free until the employee takes it out of the plan.

While profit-sharing plans that give every employee a contribution do exist — similar to an employer 401(k) match, being able to tailor contribution amounts to specific employees is a differentiator with the profit-sharing plan.

Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contributions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs.

Walgreens Employee Benefits. All the listed benefits are extracted from job descriptions, reviews, and Q&A posted on Indeed. Please contact the employer to understand the benefits connected to a relevant job. Additionally their Profit Sharing (401k), VIP

I am a part time employee with about 20 hours a week. I was given the opportunity to join profit sharing with a match but I need to find if that too was taken from us. I do believe that we do still get paid more to work on Holidays based on how many hours we work regularly.

Decent profit sharing match (4%) PTO accumulation is okay for full-time employees. Cons The company is continuing to make cuts, while making deals with outside companies (Sprint, Microsoft, Western Union, FedEx) and forcing employees to do more with LESS.