401K for self employed question

From: T Koyn <koyn@users.anet-stl.com>
Subject: 401K for self employed question
Date: Sun, 17 May 1998 16:33:46 -0500 (CDT)

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I read that the new tax law increases the degree to which partnerships and
sole proprietoryships may match contributions on a 401K plan.  I read the
match can be even more than dollar for dollar, providing discrimination
tests are passed.

So, suppose a sole proprietorship shows a profit of say, $5,000 on a
schedule C? What's the maximum that could be placed in a 401K?

I called two stock brokerage firms and they do not offer 401K to sole
proprietorships.  Where would one obtain a plan and account?

If you know the answers to any or all of these questions, I would
appreciate it greatly if you could share your knowledge with the group and
send me an email copy.  Thanks in advance for any help you provide.

koyn@anet-stl.com





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