W2 employee S Corp Safe Harbor Plan
Hi: I have a client who is a W2 employee S Corp owner/employee. The client makes between $12-$20k annually with the W2 company, where they offer a Safe Harbor 401k plan; however, the client does not participate. The client is the owner and employee with the S Corp, where there currently isn’t a qualified plan set up. Is it possible to create and contribute to a qualified plan under the S Corp and not contribute to the other Safe Harbor 401k plan? best CS
Submitted by Charlie Pesiridis on Thu, 2023-09-21 19:26