401k Solo Owners - What's the Limit on Employee Contributions?

The total amount that can go into these types of plans in 2022 was 61,000. That's employee contributions and employer from all types of plans added up together with one interesting exception: The 457 sits on its own island. So within the 67. This gentleman can do 20,500 as an employee. And then the balance 40,500 from the employer. If you set up your solo 401k such that it is allowed to take after tax contributions, you could contribute most of the rest of the $40,000 as an after tax contribution.

Transcript

Play full episode

Transcript

Episode notes

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!

Get the app