austin3515 Posted April 17, 2012 Share Posted April 17, 2012 Is there any reason that a sole proprietor can't use an evergreen deferral election? In other words indicate "I elect to make 401(k) contributions equal to the max allowed (including catch-ups) every single year until I change my election." I've just never did it that way because it generally comes up on a one-off basis. But now I'm in a position to use more of an evergreen election. Austin Powers, CPA, QPA, ERPA Link to comment Share on other sites More sharing options...
Bird Posted April 17, 2012 Share Posted April 17, 2012 We do it all the time. Ed Snyder Link to comment Share on other sites More sharing options...
movedon Posted April 17, 2012 Share Posted April 17, 2012 Me, too. In fact, I do it with my own plan - and when I have a year where I decide not to defer, I write "except for in 20xx I elect to defer $0" in the margin . Link to comment Share on other sites More sharing options...
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