Join Early Retirement Today
Thread Tools Search this Thread Display Modes
LLC Solo 401k/profit-sharing
Old 12-30-2015, 09:10 PM   #1
Dryer sheet aficionado
Join Date: Sep 2014
Posts: 32
LLC Solo 401k/profit-sharing

I have a few questions regarding solo 401k/profit sharing in the context of a multi-member, member managed LLC. Hoping a few of you small business owners can help me out or point me to another resources.

First, if three members of the LLC work for the company and receive guaranteed payments, can each of those members set up their own solo401k/profit sharing? Would they all be on the same plan or their own plans?

Second, assuming that all three members are allowed to contribute to solo401k/profit sharing, are they each able to contribute different amounts or does the contribution have to be the same for all of them? Said another way, could one of the three max out the profit sharing piece and the other two contribute nothing to profit sharing.

I appreciate the help. If there are any questions that would help you formulate your thoughts, please let me know.

Sent from my iPhone using Early Retirement Forum

Legally_dead is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 12-30-2015, 10:17 PM   #2
Thinks s/he gets paid by the post
Sunset's Avatar
Join Date: Jul 2014
Location: Chicago
Posts: 2,612
Won't pretend to know, so here is one link to Vanguards, it may answer a question or two:

From my reading:
If eligible, which might be true and is a surprise to me, it suggests the company 25% contribution is limited to $53K per "employee"
Plus of course each "employee" can contribute to the IRS limits.
Sunset is offline   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Tax strategy: Solo 401K and a LLC? EmptyWallet FIRE and Money 7 12-28-2013 08:40 AM
401k LLC room7 FIRE and Money 2 05-05-2012 02:48 PM
S-Corporation Profit Sharing Plan Sam Other topics 3 08-07-2007 08:49 AM
How to Handle Profit Sharing Distribution Rollie FIRE and Money 3 10-19-2006 02:51 PM
Solo 401k Arif FIRE and Money 6 06-27-2005 05:46 AM


All times are GMT -6. The time now is 07:05 AM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2016, vBulletin Solutions, Inc.