It is a bit tough finding this info online, I am going to ask my CPA but I wanted to get some background info from the web first.
I currently have a SEP set up for myself but am looking into setting up a 401k for all my employees. What are my options after I set up the 401k?
A bit about the company set up:
- The business has been around for < 2 years
- I do not pay myself a wage from the business (company a) instead, the distributions are fed into another llc reporting as an s-corp (company b) that I have created. I take a wage from company b.
- My current SEP is also from company b.
Can I set up a solo 401k from company b and run the other 401k for all the company a employees? Any other options?