Rocket Dollar Knowledge Base

How late can I contribute to a Self-Directed Solo 401(k)?

Elect your contribution by December 31st, make your actual contribution before your tax filing deadline.

When do I have to elect that I'm making a contribution?

For your Solo 401(k) you must formally elect to make an employee deferral contribution by Dec. 31.

Do I have more time to finish my contribution like my IRA?

The actual contribution can be made up until the personal tax-filing deadline (April 15, or October 15 if an extension was filed). Keep in mind this only refers to a Solo 401(k), not a standard employer 401(k) plans which typically need contributions by December 31st.