DB/DC Deductible Limit for a one person plan

[emmetttrudy]

1/1/2008 valuation. Minimum required contribution = $0. Maximum deductible contribution = $500,000. Also has a 401(k) Profit Sharing Plan. What can he contribute to the 401(k) Plan in addiiton to deferrals? Is it whatever DB contribution he decides on + deferrals + 6% of comp in profit sharing?

[SoCalActuary]

Your approach appears to be fine. DB + deferral + 6%

[carrots]

1/1/2008 valuation. Minimum required contribution = $0. Maximum deductible contribution = $500,000. Also has a 401(k) Profit Sharing Plan. What can he contribute to the 401(k) Plan in addiiton to deferrals? Is it whatever DB contribution he decides on + deferrals + 6% of comp in profit sharing?

Under 404(a)(7)(A), it looks like the most that can be contributed to the DB plan is the greater of the minimum required contribution or the funding shortfall.

BUT - Oh! OK! - 404(a)(7)©(iii) says that this doesn't apply if only 6% is paid into Profit Sharing.

I agree with you!