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Ocho Solo 401k

Ocho Solo 401k

Frequently asked questions about the Ocho Solo 401k Plan.

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17 articles in this collection
Written by Paul Kim
Eligibility & Sign Up

What are the eligibility requirements for a solo 401k?

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Written by Paul Kim
Updated over a week ago

What do I do if I’m a sole proprietor and don’t have an EIN?

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Written by Paul Kim
Updated over a week ago

Are there any taxes or penalties when moving funds from an old 401k or IRA to the new Ocho Solo 401k?

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Written by Paul Kim
Updated over a week ago

Can I sign up as a sole proprietor and then change it to an LLC with EIN later on?

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Written by Paul Kim
Updated over a week ago

I have an existing solo 401k with another provider. Can I still sign up with Ocho?

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Written by Paul Kim
Updated over a week ago

Are you insured? Who is the custodian of my account?

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Written by Paul Kim
Updated over a week ago
Contributions & Withdrawals

How much can I contribute to my solo 401k?

Solo 401k contribution limits
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Written by Paul Kim
Updated over a week ago

How much can I contribute to my Roth solo 401k?

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Written by Paul Kim
Updated over a week ago

What’s the difference between pre-tax and post-tax contributions?

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Written by Paul Kim
Updated over a week ago

I made an election to contribute this year, but don’t see an option to fund my account or make investments. How do I get started?

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Written by Paul Kim
Updated over a week ago

What if I make an election but cannot make the full contribution by the deadline?

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Written by Paul Kim
Updated over a week ago

I have several businesses but only one of them has a solo 401k. Can I contribute to the plan with income from other businesses?

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Written by Paul Kim
Updated over a week ago

It’s 2023 and I missed the deadline to set my 2022 elections. Can I still contribute for the 2022 tax year?

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Written by Paul Kim
Updated over a week ago

Can I contribute if I also have a 401k plan at my day job?

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Written by Paul Kim
Updated over a week ago

I have contributed the max amount possible to my Roth IRA. Does this affect my contribution limits for a solo 401k?

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Written by Paul Kim
Updated over a week ago

What is the mega backdoor Roth and how does it work?

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Written by Paul Kim
Updated over a week ago

When can I withdraw from my solo 401k?

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Written by Paul Kim
Updated over a week ago