| FAQ 307: Calculations--Integrated or Permitted Disparity profit sharing allocation |
How do I set up plan specs to allocate an integrated profit sharing contribution of $65,000 for 2020? Integration percent = 5.7
Code the following in the Source 2 specs:
- Under the "Show Totals Contrb." button, enter 65000 in the Discretionary Amount field
- Set the Contribution Allocation Method to 3-On Compensation"
- Under the "Show Parameters" button, enter 5.7 in "Pct of Pay" field and CCURRENT in "Excess Compensation Level" field