Can I make contributions to both a SEP and a Solo 401(k) Plan?

Yes. You can make contributions to both a SEP and a Solo 401K Plan and make annual contributions up to a maximum of $98,000 annually. As long as you take sufficient compensation from the businesses associated with the SEP and the Solo 401(k) Plan to make the maximum contributions, you can make contributions to both a SEP and Solo 401(k) Plan. Setting up a SEP and a Solo 401(k) Plan where possible can lead to some very attractive tax-deferral opportunities.

Please contact one of our 401(k) Experts at 800-472-0646 for more information.