
Everything You Need to Know About Your 401(k) (Are You Losing Money?)
Money Guy Show
00:00
What's the Difference Between Safe Harbor and Profit Sharing?
safe harbor contributions are one type of money that the employer can put in. Another type is what's go known as a matching contribution. And then the third way that an employer can putting in money is what's known as profit sharing. This isn't something where you necessarily have to have skin in the game. The government, just like they make you when you choose wroth contributions for yourself, they make you put that in with after tax money and pull it out tax free.
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