Max out Safe Harbor 401(k) Profit Sharing Plan for 2005

[Guest tgraham]

S Corp, 4 employees, all over 50. For 2005, it appears that we can put away $46,000 each on salary of $112,000. We'll do this through 14,000 of deferrals, 4,000 catch-up, 4,480 match, and 23,520 from a 21% profit sharing plan contribution. Is there anything wrong with this? Is there a better DC plan option, that will keep these four equal? Thank you for your help and ideas.

[Bird]

It works. You could simplify it by dropping the match and upping the PS to 25%, not that it matters much...unless you have other employees not shown and are trying to limit employer contributions.