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Author: Helter Three stars, 500 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 79733  
Subject: 401(k) funding by corporation Date: 9/30/1998 8:17 AM
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I've already posted this on the self-employed fools board, but not received a response yet :), so I thought I'd try you guys: I'm about to start my own corporation(I'll be the only employee), I understand that I can start a 401(k) and it can take 30k per year. Also, the personal contribution is a maximum of 10k. Right now, My FICA taxes are calculated using my total salary including the 10k, can my corporation fund the full 30k without me contributing at all - and are contributions by a corporation into a 401k done with before or after corporate income tax dollars?

Also, the same before/after tax question for company pension plans. And who do I talk to - any ideas for creating one of them.

My company will have between 250 and 300k revenue per year(if things go as expected) and I'll be the only person working for it - I'd like to avoid as much taxation as possible. For reference - I'm only 26 - gotta love software!
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