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Can a partner opt out of a partnership's 401(k) plan?
Multi-member LLC taxed as a partnership had two members at the start of 2014 and agreed to establish a solo 401(k) plan to which the company would make a maximum non-elective contribution (20% of net income from self-employment). They added a new member in September, and the new member says he would prefer to forego his 401(k) contribution to keep...
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