en is a self$-$employed architect in a small firm with four employees: himself, his office assistant, and two drafters, all of whom have worked for Ken full time for the last four years. The office assistant earns $$30,000$ per year, and each drafter earns $$40,000.$ Ken$$s net earnings from self$-$employment $($after deducting all expenses and one$-$half of self$-$employment taxes$)$ are $$380,000.$ Ken is considering whether to establish a SIMPLE plan and has a few questions.

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