You certainly can. But there are a couple considerations. You can make an employee deferral, but your profit-sharing contribution is limited. Rather than the normal 25%, you can only do 6%. But approx. 90% of our clients have both plans.
You certainly can. But there are a couple considerations. You can make an employee deferral, but your profit-sharing contribution is limited. Rather than the normal 25%, you can only do 6%. But approx. 90% of our clients have both plans.
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