Individual 401k Question Answered -Do I have to make contributions every pay period to my Solo 401k?

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Individual 401k Question: I set up a solo 401(k) to make 401(k) contributions.  Am I required to make contributions to my solo 401(k) every pay period?

RESPONSE:

Great question as making contributions is one of the top reasons that clients open accounts with us.

The response is no a Solo 401k owner is not required to make contributions every pay period.

Instead, a solo 401k owner can make contributions in whichever integral that such person prefers provided that contributions are within the contribution limits, made by the contribution deadline, etc.

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About George Blower

I have the privilege of educating our clients about our products and services so that they can make informed and confident decisions about their financial future. Prior to joining My Solo 401k Financial, I served as the general counsel for a subsidiary of a Fortune 500 financial services company. Learn more about George Blower and My Solo 401k Financial >>

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