SAFE HARBOR ANALYSIS

ABC Company, Inc.
401(k) Safe Harbor / New Comparability Plan
Name Income Employee EE% Safe Harbor SH% Catchup Profit PS % Total $ % 415 Limit
Deferral $ Contribution $ % Sharing  
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 $13,500.00

$ 5,000.00

$45,500.00

$ 95,000.00

 
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                    
Total $24,500.00 $ - $9,000.00 $0.00 $6,000.00 $15,000.00
Grand Total

$ 750,000.00

$ 31,000.00

$ 22,500.00

$ 5,000.00

$ 51,500.00

 $110,000.00

HCE's

60.00%

 60.00% 88.35% 86.36%
NHCE's

40.00%

 40.00% 11.65% 13.64%