Short plan/company year - first year

Hi

Looking into a new plan possibility.

Company A started 4/1/2020 (with a 12/31/2020 year end) and want to set up a db/ps plan for 2020. Non PBGC

2 owners, each with 90k salary. Total 2020 compensation 180k

Do you agree that there is no 415 proration here for salaries/deductions? I have always thought/did 415 limits when everyone was at maximum, never such low levels.

For example, I can generate a DB deduction 100k (based on 9k salaries each) and 10.8k of ps (6% of 180k) for 2020 using full salaries?

Thank you

Make effective date 1/1/2020.

Both plan and limitation year, correct?

Thank you