![]() |
|
![]() |
|
|
What ICA offers you...
Profit Sharing PlanThrough the ICA Profit Sharing Plan, the various companies affiliated with Investment Corporation of America all contribute 8% or more of their net profits before taxes for the benefit of all team members of all affiliated ICA companies. This 8% is invested in one of several options. The contributions of the ICA companies, along with contributions from team members, are invested as each team member designates for their account. The unique part of this particular plan is that a team member must be with the company only one year before he/she is eligible to join in profit sharing. Most plans require an eligibility of two or three years employment. Participation in the plan begins on July 1 or January 1 following one year’s service with ICA. Vesting (which allows you to take a portion of the company’s contribution if you leave the employment of the company) begins after only 2 years of employment. The vesting rate begins at 20% and increases 20% each year. After 6 years, a team member would be eligible to receive 100% of the money contributed to his/her account upon leaving employment. Because achievement is necessary for the growth of ICA, the profit sharing plan has been designed to provide the greatest rewards to those team members who stay with the company longer and achieve rapid advancement and promotions to higher and higher responsibilities, which come with increased compensation. This compensation becomes the basis for the allocation of each team member’s share of the contribution made annually by ICA.
|