Do you need profits in order to make contributions to a Profit-Sharing Plan? Thomas Young March 29, 2017 08:41 Updated Follow NO. Of course having profit would probably make it easier to actually contribute something however, contribution to a profit sharing plan is discretionary. There is no set amount of profits that you need to make to contribute to profit-sharing plans Related articles Can I use personal money to transfer into my plan? What money qualifies to put into the plan? Comments 0 comments Please sign in to leave a comment.