ForumsSolo 401k LoanAdditional contributions to Solo 401k while in loan repayment

Forums Solo 401k Solo 401k Loan Additional contributions to Solo 401k while in loan repayment

  • Additional contributions to Solo 401k while in loan repayment

    1 Reply
  • Top SubjectSolo 401k Loan,Solo 401k
    Top ForumsSolo 401k Loan, Solo 401k

    Laura S
    Top SubjectSolo 401k Loan,Solo 401k

    August 2, 2022 at 10:26 am

    If I have a loan out from the Roth sub-account of my solo 401k and am in repayment, I would like to still be able to make contributions each year, separate from the loan repayments. These contributions would be made to the after-tax sub-account and then transferred into the Roth sub-account that has the loan. I don’t see anything in my loan documents that prohibits this, but I want to verify that this is allowed.

    Laura S
  • George Blower

    Top SubjectSolo 401k,Solo 401k Contributions
    Top ForumsSolo 401k, Solo 401k Contributions

    George Blower

    George Blower

    Top SubjectSolo 401k,Solo 401k Contributions

    August 3, 2022 at 7:33 am

    Thanks for the good question!

    This confirms that a Solo 401k owner may make contributions (subject to the Solo 401k contribution rules such as the limits, deadlines, etc.) notwithstanding that such person is paying back a Solo 401k loan.

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