You are pension consultants working with Smarty LLC, a small personal services firm formed as an LLC. The firm is relatively new and is expected to double its revenue in the next five years. There are 3 partners and 3 part-time staff, one of which is salaried. The partners take guaranteed payments of between $125,000 and $150,000. The partners are all in their fifties. The staff are in their early to mid-forties. The firm is expected to break even this year after the guaranteed payments. The firm's partners are looking to save for retirement. Currently the firm has a 401 K plan through the payroll service company but the partners are not able to defer much since the one staffer who contributes is contributing very little. The members of Smarty LLC are looking for suggestions on a type of plan that will allow the firm's partners to maximize their tax deferral through a retirement plan. How would you go about designing a plan? What specific ideas would you present?