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Author: aj485 Big gold star, 5000 posts Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121219  
Subject: Re: 401K for small business Date: 7/31/2013 10:55 AM
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I sort of understand that each of us can contribute $17,500 this year PLUS $5500 catch up, if we are over 50

Yep. Same rules as any other 401k plan.

Including the rules that allow the business to contribute up to 25% of profits as an employer contribution, up to a total contribution of $51,000. The catch up contribution is in addition to this amount. So, if the business is profitable enough, the total contribution per 50+ year old employee can be up to $56,500.

AJ
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