Question

Maximum 401k Contribution?

Forum|Forum|4 years ago
October 27, 2021
1 reply
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As a sole proprietor with no employees, I expect my business's net income this year to be approximately $110,000. As an individual, can I contribute $19,500 to my solo 401k plan this year? I saw some information about how to perform calculations to determine the maximum contribution, but I'm not sure if that applies only to the "employer" contribution.