Signing these pages brings the Solo 401k officially into existence.
Store the signed pages in a safe place. You can upload a signed copy on your Solo 401k dashboard, but you do not need to submit a copy Nabers Group. You must sign the 401k signature pages to officially bring the 401k into existence for the current tax year.
If contributions are the main objective for establishing the plan, complete a contribution form to make a formal election to contribute. You have until tax day to deposit contributions.
For Sole Proprietors, this means you have until April 15th or October 15th if you file an extension. For most owners of an entity this means you have until March 15th or September 15th if you file an extension.
After you complete the contribution form, store it in a safe place. You can upload the completed form to your Solo 401k dashboard. You may send a copy to your CPA and/or tax advisor. You do not need to send anything to Nabers Group.
According to the IRS, formally electing your contributions should be done by December 31st, but you have until you file your tax return to deposit funds. Please refer to IRS publication 560, and view the chart on page 3. The Solo 401k is a “defined contribution” plan.
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