Search Elements:
- Taxonomy
- us-gaap
- Name
- DeferredProfitSharingMember
- Label
- Deferred Profit Sharing [Member]
- Period Type
- duration
- Type
- dtr-types:domainItemType
- Definition
- An arrangement whereby an employee is entitled to receive in the future, subject to vesting and other restrictions, a share in the profits, as defined in the agreement, of the entity or portion thereof. Employer contributions may be discretionary or may be based on a fixed formula related to profits, compensation, or other factors. It is a form of incentive compensation to employees in addition to their regular salary and bonuses.
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