Hi,
I have an LLC partnership with my brother and for 2022 my net compensation was $7000, which I put all of it into my Roth 401K. My personal insurance premiums of $8500 were also paid by the LLC. I need to figure out how much of a company match can be put into my 401K. Can the company include my personal insurance compensation towards figuring out the 25% company contribution or just the $7K I was paid? And can that portion be put in either the traditional or roth buckets?
thanks and love the show!
You guys rock!
Eric