Search the Community
Showing results for tags 'sole prop'.
-
Hi, everyone! I am not in the business but am a solo practitioner looking to set up a DB + 401k paired plan. The annual fees can erode the returns quite a bit. I was wondering if anyone can recommend lower cost offerings? Idealluy, below $2k annually. Thanks for any recommendations!
- 2 replies
-
- retirement
- sole prop
-
(and 1 more)
Tagged with:
-
I have a sole prop plan with a small earned income amount. There are no other employees in the plan. Owner is over 50 and catch-up eligible Net earned income after Sec. 164(f) deduction is $23,589.75. 25% PS contribution is $4,717.95. Plan comp is now $18,871.80. What is he eligible to defer? My thoughts are that it would be $18,871.80, but our testing software is coming up with 402(g) and 415 limit excess amounts with these amounts. What am I missing? Sorry if this obvious. My brain doesn't seem to be working today.
