Ocho FAQs
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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