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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 120794  
Subject: Re: 401K for small business Date: 7/31/2013 9:38 PM
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Looking at the Fidelity site, it indicates that with a self-employed 401k that one can fund 17,500/23,000. However, it also states that one can also do a profit sharing contribution of up to $51,000.

No. You missed the part in bold below from the '2013 employer contribution limits' row:

Employers may contribute up to 25% of compensation3 up to a maximum of $51,000.
Total employer/employee contributions cannot exceed $51,000.


Any non-catch-up salary deferral made by the employee (up to the $17,500 limit) is subtracted from the amount that the employer can contribute.

AJ
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