| ABC Company, Inc. |
| 401(k) Safe Harbor / New Comparability Plan |
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| Name |
Income |
Employee |
EE% |
Safe Harbor |
SH% |
Catchup |
Profit |
PS % |
Total $ |
% |
415 Limit |
| |
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Deferral $ |
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Contribution |
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$ |
% |
Sharing |
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| Owner A |
$225,000.00 |
$15,500.00 |
6.89% |
$6,750.00 |
3.00% |
$ 5,000.00 |
2.38% |
$22,750.00 |
10.11% |
$ 50,000.00 |
22.22% |
$ 45,000.00 |
| Owner B |
$225,000.00 |
$15,500.00 |
6.89% |
$6,750.00 |
3.00% |
$ - |
2.38% |
$22,750.00 |
10.11% |
$ 45,000.00 |
22.22% |
$ 45,000.00 |
| Highly Comp Total |
$450,000.00 |
$31,000.00 |
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$13,500.00 |
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$ 5,000.00 |
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$45,500.00 |
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$ 95,000.00 |
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| Employee A |
$24,500.00 |
$ - |
0.00% |
$735.00 |
3.00% |
$0.00 |
0.00% |
$490.00 |
2.00% |
$1,225.00 |
5.00% |
$ 24,500.00 |
| Employee B |
$40,000.00 |
$ - |
0.00% |
$1,200.00 |
3.00% |
$0.00 |
0.00% |
$800.00 |
2.00% |
$2,000.00 |
5.00% |
$ 40,000.00 |
| Employee C |
$32,000.00 |
$ - |
0.00% |
$960.00 |
3.00% |
$0.00 |
0.00% |
$640.00 |
2.00% |
$1,600.00 |
5.00% |
$ 32,000.00 |
| Employee E |
$50,000.00 |
$ - |
0.00% |
$1,500.00 |
3.00% |
$0.00 |
0.00% |
$1,000.00 |
2.00% |
$2,500.00 |
5.00% |
$ 45,000.00 |
| Employee D |
$40,000.00 |
$ - |
0.00% |
$1,200.00 |
3.00% |
$0.00 |
0.00% |
$800.00 |
2.00% |
$2,000.00 |
5.00% |
$ 40,000.00 |
| Employee F |
$22,000.00 |
$ - |
0.00% |
$660.00 |
3.00% |
$0.00 |
0.00% |
$440.00 |
2.00% |
$1,100.00 |
5.00% |
$ 22,000.00 |
| Employee G |
$22,000.00 |
$ - |
0.00% |
$660.00 |
3.00% |
$0.00 |
0.00% |
$440.00 |
2.00% |
$1,100.00 |
5.00% |
$ 22,000.00 |
| Employee H |
$35,000.00 |
$ - |
0.00% |
$1,050.00 |
3.00% |
$0.00 |
0.00% |
$700.00 |
2.00% |
$1,750.00 |
5.00% |
$ 35,000.00 |
| Employee I |
$34,500.00 |
$ - |
0.00% |
$1,035.00 |
3.00% |
$0.00 |
0.00% |
$690.00 |
2.00% |
$1,725.00 |
5.00% |
$ 34,500.00 |
| Non-Highly Comp |
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| Total |
$24,500.00 |
$ - |
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$9,000.00 |
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$0.00 |
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$6,000.00 |
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$15,000.00 |
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| Grand Total |
$ 750,000.00 |
$ 31,000.00 |
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$ 22,500.00 |
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$ 5,000.00 |
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$ 51,500.00 |
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$110,000.00 |
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| HCE's |
60.00% |
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60.00% |
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88.35% |
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86.36% |
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| NHCE's |
40.00% |
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40.00% |
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11.65% |
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13.64% |
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