This profit sharing discussion is rapidly devolving into the new hire age vs SSAN discussion.
Lately I have used the profit sharing to hit my 401k out of pocket max. I like that. So, for me, any talk on reducing profit sharing has to make up for that. Instantly.

I've treated the overage as income and continued to do my IRA catch-up contributions (over fitty).

Pay rate wise, I am negotiable. Profit sharing wise, I'm not.

In this environment, I would expect to see an easy 20-25% contract value bump in the first year (that's not necessarily pay rates alone). I include profit sharing in that baseline current value.