Alright I have managed to get the simulation to start solving in Transient Structural. Do you have an idea how I can now input time step controls to facilitate a second drop test/second impact? An impact that will fulfill the following steps:

Step 1.  Drop Plate #1 has an initial velocity, Drop Plate #2 is supported and solve transient for 100 ms.
Step 2. Time Integration Off, support Drop Plate #1, turn off Contact #1.
Step 3. Drop Plate #2 has an initial velocity and solve transient for another 100 ms.