Nova 401(k) Associates
Compensation Strategies Group, Ltd.
Nicholas Pension Consultants
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|Still Time to Establish a Sole Proprietor 401(k) Plan for 2020?|
BenefitsLink Message Boards
Aug. 20, 2021
"I know that the SECURE Act says that a PS or DB plan can be adopted for the previous year up to the time the plan sponsor files its taxes. The Act did not change the 401(k) rule that says you need to give the NHCEs time to defer for that initial year. But what if it's a single member plan -- a sole proprietor?"
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