Is there year-to-year flexibility on how much I can deduct?

While there is not the total funding flexibility associated with most Profit Sharing or Profit Sharing/401(k) Plans, there is much more flexibility than one may think, particularly when there is good coordination with the plan sponsor and the financial advisors (i.e., CPA, investment people and/or TPA). We have found it is not difficult to help a sponsor through both the normal business cycles as well as the uncertainty of how well a business may do in a particular year.