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Can 1099 Income Contribution Be Added to Plan Sponsored by My S-Corp?
BenefitsLink Message BoardsLink to more items from this source
Dec. 23, 2021

"I had a sole-prop some time back and had a self-employed 401k plan with Fidelity with EIN of sole-prop. Then I created a S-corp and just used the same plan -- changed EIN to S-corp, changed name to a generic name - MKK-Plan. All good, no issues.

I was thinking of shutting down the sole-prop but never did. Now, one of my clients (for whom I do most of my work) has changed its policy and wants me to handle a task based on my Social Security Number (payment as 1099 contractor). Does not want to use EIN of sole-prop.

I believe I could add the EIN of sole-prop to my current MKK-Plan, but client wants to pay under SSN only.

Can I do the same with my SSN? Fidelity form asks for: "The term 'Employer' includes the following Affiliated Employers covered by the Plan:..." Should I add the following: "MKK - SSN"?"

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