ROBS Plan Contributions

Contribution Limits and Types

With your new 401k plan, depending on your salary, you can contribute up to $56k per year or up to $62k (age 50 and older) for 2019.

Contributions consist of Two Types:

1) Elective Deferral - also known as Employee Contributions. For 2019, the max elective deferral is $19k, $25k if age 50 or older.

2) Profit Sharing - also known as Employer Contributions. For 2019, this amount cannot exceed $56k, $62k if age 50 or older.

If your business is a Corporation, the maximum profit sharing contribution is 25% of Gross Income.

Important: The combined total of Elective Deferral and Profit Sharing contributions cannot exceed the limit of $56k ($62k if age 50 or older).

Contribution Deadlines The contribution deadlines depend on your business type and business tax return due date, including timely filed extensions.

Rollover Contributions

You may roll over into your 401k plan, any amounts that you have in another 401k, IRA (not Roth IRA), 457b or 403b plan. There are NO limits as to the amount that can be "rolled over".

Pension Pros

Pension Pros

ROBS Plan Contributions

Contribution Limits and Types