A downhole tool includes a setting cone having a body including an outer surface. The body has a first end, a second end and an intermediate portion. At least a portion of the body includes a taper at the second end. A passage extends through the body from the first end to the second end. An anchor is arranged at the second end. The anchor includes a first end section receptive of the setting cone and a second end section. A mandrel extends through the passage of the setting cone and the anchor. The mandrel includes a first end portion, a second end portion and an intermediate section. A bottom sub is arranged at the second end section of the anchor. The bottom sub includes a first member fixedly mounted to the mandrel and a second member that is shiftable relative to the mandrel.