Retirement Topics - 401(k) and Profit-Sharing Plan ...
There are separate, smaller limits for SIMPLE 401(k) plans. Example 1: In 2019, Greg, 46, is employed by an employer with a 401(k) plan, and he also works as an independent contractor for an unrelated business and sets up a solo 401(k). Greg contributes the maximum amount to his employer’s 401(k) plan for 2019, $19,000.
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