Safe Harbor chart

2012 Sample Safe Harbor 401(k) Allocation (assuming 3% non-elective contribution with new comparability profit sharing contribution)

Name
Attained
Age
Income Deferral
$
EE Def
%
Safe Harbor
3% $
Safe Harbor
3%
Employee
Catch Up
New Comp
Profit Sharing
(NCPS) $
NCPS % Total $ Total % 415 Limit
Officer/SH #1
58
$250,000.00
$17,000.00
6.80%
$7,500.00
3.00%
$5,500.00
$25,500.00
10.20%
$55,500.00
22.20%
$50,000.00
Officer/SH #2
41
$250,000.00
$17,000.00
6.80%
$7,500.00
3.00%
$0.00
$25,500.00
10.20%
$50,000.00
20.00%
$50,000.00
Group A
$500,000.00
$34,000.00
$15,000.00
$5,500.00
$51,000.00
$105,500.00
Manager
46
$89,774.00
$0.00
0.00%
$2,693.22
3.00%
$0.00
$2,693.22
3.00%
$5,386.44
6.00%
$50,000.00
Group B
$89,774.00
$0.00
$2,693.22
$0.00
$2,693.22
$5,386.44
Staff #1
30
$17,854.00
$0.00
0.00%
$535.62
3.00%
Staff #2
25
$31,287.00
$0.00
0.00%
$938.61
3.00%
Staff #3
41
$31,339.00
$0.00
0.00%
$941.97
3.00%
Staff #4
46
$30,026.00
$0.00
0.00%
$900.78
3.00%
Staff #5
36
$39,997.00
$0.00
0.00%
$1,199.941
3.00%
Staff #6
33
$31,622.00
$0.00
0.00%
$948.66
3.00%
Staff #7
42
$39,765.00
$0.00
0.00%
$1,192.95
3.00%
Staff #8
44
$22,008.00
$0.00
0.00%
$660.24
3.00%
Staff #9
26
$33,718.00
$0.00
0.00%
$1,011.54
3.00%
Group C

$277,676.00

$0.00
$8,330.28
$0.00
$5,553.52
$13,883.80
Total
$867,450.00
$34,000.00
$26,023.50
$5,500.00
$59,246.74
$124,770.24
Group A %
57.64%
100.00%
57.64%
100.00%
86.08%
84.56%
Group B %
10.35%
0.00%
10.35%
0.00%
4.55%
4.32%
Group C %
32.01%
0.00%
32.01%
0.00%
9.37%
11.13%

Employer contributions = Safe Harbor 3% of $26,023.50 and New Comparability Profit Sharing (NCPS) of $59,246.74

Total Employer contribution of $85,270.24 of which 77% is allocated to Officers/Shareholders.

For example purposes, we have assumed no employees will defer into the plan.

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