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Conditions of eligibility for 401K solo plan or small business plan

November 14th, 2007 · 2 Comments

You have the option to contribute up-to $11,000. However, your contribution should not exceed 100% of your salary. The upper limit is set at $40,000 for combined employer and salary deferral contribution. In case of employed self individuals the upper limit is 20% of the earnings and employer contribution limits are 25% or below. Like […]

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Tags: 401k Plans · Information for small business · Retirement Plans