Profit Sharing

Segal does not maintain a formal “Deferred Profit Sharing Plan” (DPSP) in Canada but may make an annual profit-sharing contribution, at its discretion, based on the company’s financial performance.

If you’re in active employment with Segal at the end of the year and as of the date the payment is made, you’re eligible to receive a cash contribution based on your participation in the benefit. Participation begins from your date of employment and is automatic. The board of directors of The Segal Group, Inc. declares a contribution percentage, if any, after the year-end financial performance is known. The contribution percentage the board declares is applied to the base salary you’ve earned during the participation year. The contribution is paid in cash, as wages, soon after the contribution percentage is declared, and is subject to applicable statutory deductions and withholdings.