Go Back   CDN Business Directory > Main Category > Financial Planning

 
 
Thread Tools Display Modes
 
Old 10-16-2005, 11:17 PM
Drew Edmundson
Guest
 
Posts: n/a
Default Re: Difference between 401k and single member 401k

On Fri, 14 Oct 2005 14:37:28 -0500, "Grok"
<bwilliams674[at]hotmail.com> wrote:

- quote -

> I would like to know what differences other than the fact that a single
> 401k has one member exist between these investment vehicles? Are they
> subject to any different contribution or distribution requirements or
> have any different loan or hardship provisions? Thanks


There is no legal difference.

---
Drew Edmundson, CPA
Cary, NC

  #-1  
Old 10-14-2005, 07:37 PM
Grok
Guest
 
Posts: n/a
Default Difference between 401k and single member 401k

I would like to know what differences other than the fact that a single
401k has one member exist between these investment vehicles? Are they
subject to any different contribution or distribution requirements or
have any different loan or hardship provisions? Thanks

 

Tags
401k, difference, member, single
Similar Threads
Thread Forum Replies Last Post
401k Contributions as a single owner of a S-Corp - How to Divide?
Jeb: My wife and I own our own S-Corp and have a single 401k setup through theonline 401k. What I'm struggling with is how much I should have our...
Taxes 1 12-22-2006 05:14 AM
401K vs IRA maximum annual contribution limit difference
tbone@steak.com: Pardon me if this has already been covered in any FAQ or discussion. I searched around but was not able to get an answer yet. Considering...
Taxes 9 04-15-2006 06:59 AM
Converting Multi member LLC to Single member LLC
biophase: I created a Multi member LLC (2 members) last year (2004). 1) In late December I moved a rental property into it. In retrospect I should have...
Taxes 1 03-03-2005 06:11 AM
single member LLC
Cookie: I have just formed a single member LLC. I have no employees, and donot expect to have any in the near future. I went to get an EIN from the SS-4...
Taxes 9 02-27-2005 12:56 PM
Difference b/w 401K and 403B
_JP: One thing I have noticed is 403B is for certain professions and 401K is for everybody else. However, if each has a different name (or code), some...
Financial Planning 3 02-18-2004 11:47 AM



Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

All times are GMT. The time now is 01:50 PM.