Bubbles LLC is a web design company that operates out of Boulder, Colorado. Jesse and Skyler started Bubbles twenty years ago and it has grown to be one of the more sizable web development firms in Colorado. Bubbles offors a 401(k) /profit sharing plan with a Roth account option. The plan has the following characteristics: - Eligibility: age 21 and one-year of service - Match: dollar for dollar match - Vesting: 20% per year (years 1 through 5 ) - Highly compensated definition uses top 20% election - Profit-sharing contribution: Bubbles generally makes a sizeable contribution, but the percentage varies. - The plan has been amended to permit in-plan Roth rollovers. - The plan permits rollovers from other qualified plans and IRAs. Note: Lydia is Skyler's daughter. She graduated from the art institute five years ago 7. Assume the company decided to make a profit-sharing contribution that was integrated with Social Security, with an integration level equal to the Social Security wage base. If the base percentage was 10 percent with a maximum excess percentage, how much would be contributed to the plan on behalf of Jesse (disregard the salary deferral)? Bubbles LLC is a web design company that operates out of Boulder, Colorado. Jesse and Skyler started Bubbles twenty years ago and it has grown to be one of the more sizable web development firms in Colorado. Bubbles offors a 401(k) /profit sharing plan with a Roth account option. The plan has the following characteristics: - Eligibility: age 21 and one-year of service - Match: dollar for dollar match - Vesting: 20% per year (years 1 through 5 ) - Highly compensated definition uses top 20% election - Profit-sharing contribution: Bubbles generally makes a sizeable contribution, but the percentage varies. - The plan has been amended to permit in-plan Roth rollovers. - The plan permits rollovers from other qualified plans and IRAs. Note: Lydia is Skyler's daughter. She graduated from the art institute five years ago 7. Assume the company decided to make a profit-sharing contribution that was integrated with Social Security, with an integration level equal to the Social Security wage base. If the base percentage was 10 percent with a maximum excess percentage, how much would be contributed to the plan on behalf of Jesse (disregard the salary deferral)