The online Solo 401(k) contribution calculator is a tool that will allow an individual to calculate the maximum annual contribution to a solo 401(k) plan, also known as an individual 401(k) plan or self-directed 401(k) plan. It will calculate the maximum solo 401(k) contribution based on the user’s age, as well as the type of entity the user has (i.e. sole proprietorship, LLC, partnership or corporation).
“We are excited about offering this online Solo 401(k) contribution calculator free of charge to better allow people to calculate their maximum annual solo 401k contributions,” said Adam Bergman, a tax attorney with the IRA Financial Group. “The Solo 401(k) Plan calculator will provide a detailed breakdown of the total amount of employee elective and profit sharing contributions that can be made to a Solo 401(k) Plan, annually.”
For more information, visit http://www.irafinancialgroup.com or call 800-472-0646.