Plan I: Traditional Profit-Sharing Allocation Formula
$198,600, allocated in proportion to total salary, not to exceed annual IRS limit.
Plan II: Age-Weighted Profit-Sharing Allocation Formula
$132,038 allocated on an age-weighted basis
Plan III: Profit-Sharing Select
Highly compensated employees: 29% of pay, or individual IRC Section 415 maximum not to exceed annual IRS limit. Non-highly compensated employees: 5.0% of pay