Controlled Group
my client contributes to his profit sharing for his two companies, can he also do a contribution to a 401k-solo for his self employed monies that he receives through a separate EIN?
my client contributes to his profit sharing for his two companies, can he also do a contribution to a 401k-solo for his self employed monies that he receives through a separate EIN?
Permalink Submitted by William Tuttle on Wed, 2018-10-17 22:14
If he has a controlling interest >= 80% in the two companies and the self-employed business. They are all a controlled group. No one-participant 401k for him.