Message Font: Serif | Sans-Serif
No. of Recommendations: 4
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.

Print the post  


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.