I have an LLC elected as S-Corp, and pay myself a salary. I'm now looking to setup Solo 401k contributions through payroll. I've spoken to my CPA about it and she told me something I haven't heard of before, so I'm wondering if someone can confirm.
I was told that discount brokers (like Vanguard, Fidelity) are not good, because they only offer 100% elective + 25% nonelective contributions. She then referred me to a financial advisor that would get me a plan that will have 100% elective ($18k max) PLUS 100% company matching ($18k max) + 25% nonelective.
However, I've looked around and cannot find any information on this kind of plan being possible. Even on the IRS site here it says that only what Vanguard offers is the only possible option. Does anyone know what's going on here?
Submitted July 22, 2017 at 06:56PM by streetparker http://ift.tt/2un8ia5
