solok contribution

Submitted by Annie Hung-Scanga on Thu, 2008-04-10 17:03

Good afternoon:

Under solo 401k, could the owner not make contribution as employee and just as employer?

Thank you so much!

Permalink Submitted by Denise Appleby on Thu, 2008-04-10 19:24

Yes. You are right.
The contributions that can be made to these plans are employee salary deferrals and employer-profit sharing contributions.

So -for plan purposes -the business wears two hats ( or steps into two shoes) depending on whether you want to look at it from the top or bottom. 😆 🙂