Solo 401k Catch-up Contributions
A solo 401k plan can permit participants who are age 50 or over at the end of the calendar year to also make catch-up contributions. The Solo 401k catch-up contribution limit for 2015 is $6,000.
The catch-up contribution is included after the basic deferral limit of $18,000 has been made, so when combined the maximum Solo 401k deferral (employee contribution) increases to $24,000 for year 2015.
The company that you choose to open Solo 401k will generally assist you in calculating the annual solo 401k contribution.
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Solo 401k Process
Solo 401k Investments
The catch-up contribution is included after the basic deferral limit of $18,000 has been made, so when combined the maximum Solo 401k deferral (employee contribution) increases to $24,000 for year 2015.
The company that you choose to open Solo 401k will generally assist you in calculating the annual solo 401k contribution.
More Information
Solo 401k Process
Solo 401k Investments