Fidelity Retirement Plan (Keogh) Worksheet B: Results

Keogh Calculator Results

Your Total Paired Contribution Amount is:

Your Money Purchase Plan Contribution Amount is:

Your Profit Sharing Plan Contribution Amount is:

Results

Step 1. Tax Year

Step 2. Net Business Profits
(From Schedule C, C-EZ, or K-1)

Step 3. Deduction for Self-Employment Tax

Step 4. Adjusted Net Business Profits
(Subtract Step 3 from Step 2)

Step 5. Money Purchase Plan Contribution Percentage
(Fixed percentage, set when plan established, -%)

Step 6. Profit Sharing Plan Contribution Percentage
(Percentage can vary every year -%)

Step 7. Total Contribution Percentage
(Add Step 5 and Step 6, total must be between 3-25%)

Step 8. Contribution Factor
(Add 1.00 to Step 7)

Step 9. Adjusted Earned Income
(Divide Step 4 by Step 8)

Step 10. Maximum Earned Income Allowed

Step 11. Final Earned Income
(The lesser of Step 9 and Step 10)

Step 12. Preliminary Money Purchase Plan
Contribution Amount
(Multiply Step 5 by Step 11, round down to closest dollar)

Step 13. Maximum Money Purchase Plan
Dollar Contribution Amount Allowed

Step 14. Money Purchase Plan Contribution Amount
(The lesser of Step 12 and Step 13)

Step 15. Preliminary Profit Sharing Plan Contribution Amount
(Multiply Step 6 by Step 11, round down to closest dollar)

Step 16. Maximum Profit Sharing Plan Dollar
Contribution Amount Allowed
(Subtract Step 14 from Step 13)

Step 17. Profit Sharing Plan Contribution Amount
(The lesser of Step 15 and Step 16)

Step 18. Total Paired Plan Contribution Amount
(The sum of Step 14 and Step 17)

If you have any questions, call a Fidelity Retirement Specialist toll-free at 800-544-5373 from 8 a.m. to 8 p.m. ET, seven days a week.