May Department Stores Co., St. Louis, will contribute $28 million to its profit-sharing plan, matching 46% of the $60 million employees contributed in matchable contributions in 2002, according to the company. Employees contributed a total of $99 million last year. The companys profit-sharing plan has $680 million in assets.
Employee profit-sharing accounts will be credited with company stock valued at 46 cents for every dollar of personal contributions, up to 5% of pay. There are no restrictions on the sale of company stock.