Rocket Dollar Knowledge Base

    What is the deadline for contributing to a Self-Directed Solo 401(k)?

    Contribution must be elected by December 31st for Solo 401(k). The actual contribution needs to be made up before your personal 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 December 31st.

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

    The actual contribution can be completed  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) plan which typically requires contributions by December 31st.

     

    Read more about our Self-Directed Solo 401(k)

     

    Rocket Dollar is not a financial or tax advisor. The knowledge base is educational but is not investment or tax advice. Please consult your own financial advisor, CPA, and IRS guidelines before making any investment or tax planning decisions.