Solo 401k Max Contribution Question

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BSA44
Posts: 143
Joined: Wed Jul 31, 2013 6:43 pm

Solo 401k Max Contribution Question

Post by BSA44 »

I couldn't seem to figure this one out through searching online myself due to the scarcity of mentions of 401a plans. I know 403b contributions count toward the solo-401k employee contribution limit, but do 457b or 401a (either employee or employer contributions) count toward the solo-401k (employee/employer) contribution limits?
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Duckie
Posts: 9777
Joined: Thu Mar 08, 2007 1:55 pm

Re: Solo 401k Max Contribution Question

Post by Duckie »

BSA44 wrote: Sat Apr 17, 2021 8:11 am I know 403b contributions count toward the solo-401k employee contribution limit, but do 457b or 401a (either employee or employer contributions) count toward the solo-401k (employee/employer) contribution limits?
457b plans are not qualified and do not count toward the $19.5K employee limit.

401a plans are not elective and do not count toward the $19.5K employee limit. I'm not sure if they count toward the the $58K limit, but as long the W-2 401a employer is not a related employer (part of a controlled group) of the solo 401k employer (you) you could technically get up to $58K each into a W-2 employer plan and a solo 401k plan.
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