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Showing content with the highest reputation on 02/20/2017 in all forums
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pone55, "solo 401(k)" is a marketing term, nothing more. As Bill notes, when you have a single participant in a 401(k) plan, you have a "solo 401(k)," if that's what you want to call it. What is it you want a new plan to do that the old plan can't?2 points
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Respectfully disagree Tom. If under the terms of the plan as legally adopted deferrals could have been made, the issues with failing to have the proper administration in place are irrelevant.1 point
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Loan Offset Eligible for Rollover
ETA Consulting LLC reacted to Bird for a topic
and to be clear, the 60 days starts when the loan is offset, not when the 1099-R is received. The original language in the question leads to this cautionary statement.1 point -
Converting Regular 401K To Solo 401K?
Bill Presson reacted to Mike Preston for a topic
Bill, you are being way too nice here. There is such a fundamental disconnect here between what the OP is asking about and the real world that I am almost speechless.1 point -
Enabling After-Tax Contributions to 401K
John Feldt ERPA CPC QPA reacted to Bill Presson for a topic
John, the confusion is coming from about 95% of people writing that they've discovered a miracle. Search "backdoor roth 401(k)" for a sampling.1 point
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