Do I have to report Mega Backdoor Roth Solo 401k contributions on Payroll (Gusto, ADP, Paychex)?

by Retirement Advisor | Jan 2, 2023 | Backdoor Roth IRA | 1 comment

Book a call:

Our owners host daily webinars on our community where you can ask questions!

Please join My Community to participate & ask questions:

Please join My Community to ask questions:

Free to Join! All are Welcome!

LEARN MORE:

The solo 401k plan, commonly referred to as self-directed Solo 41k is the retirement plan of choice for self-employed individuals or owner-only businesses including for the features highlighted below:

-The highest contribution limits for any defined contribution plan including up to $57,000 (or even $63,500 if you are 50 or older) for 2020 (for 2021: $58k or $64.5 if you are 50 or older).

-The ability to make pre-tax, Roth, and even Mega Backdoor Roth contributions.

-401k participant loans of up to $50,000

-Invest with checkbook control in real estate, cryptocurrencies, notes, private placements, and other types of alternative investments.

Open an Account:

Learn More:

Subscribe to our channel for weekly educational webinars:

For over 10 years, My Solo 401k Financial is the leading self-directed solo 401k provider having helped over 8,000 clients take control over their retirement funds by focusing on superior knowledge, expertise, and customer service with over 100+ 5-star verified customer reviews on the Better Business Bureau (BBB)….(read more)