Good day.

Client on their own opened a Solo K on their own in 2014. It’s the wrong plan because the company has 1 EE in addition to the owner..

Accountant has been deducting $$ from both ER and EE and sending to Fidelity. So at this point ER and EE monies are in 1 account. Fortunate that the EE is a relative of the ER.

1. Can the Solo be terminated?
2. If not, can the plan remain open and the ER and EE make contributions to individual IRA’s?

Or

What else can the ER do.

Thanks 1n advance