The Les Schwab Profit Sharing Retirement Plan
The Les Schwab Profit Sharing Retirement Plan, offered by Les Schwab Tire Centers (founded in 1952), allows employees to share in the company’s profits. Les Schwab contributes 15% of eligible compensation annually, and participants can receive monthly or annual payments upon retirement. Plan assets are projected to earn 8% annually. Preferred industries include Diversified/Conglomerates, Aerospace, Business Services, Chemicals, Consumer Products, Energy & Utilities, Financial Services, and Information Technology.