Self-employed Solo 401k FAQ Answered – Does my day job 401k match count towards my Solo 401k limit?
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Solo 401k FAQ: Does my day job 401k match count towards my Solo 401k limit?
RESPONSE:
In a scenario where a self-employed individual has a solo 401k and also participates in a 401k plan at job, contributions made to a 401k plan sponsored by an unrelated employer (e.g. “day job” 401k plan) don’t reduce the amount of contributions that may be made to a Solo 401k.
Click HERE to learn more about Solo 401k contributions.
