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Solo 401K for modest organizations with no employees, the solo-401K makes it possible for you to put the maximum quantity away, with much less cost and significantly less reporting specifications than a traditional 401K. Get new info on the affiliated article by clicking worldventures compensation plan. Comparable to a SEP IRA, contributions max out at $44,000. However, as opposed to a SEP IRA, participants in a Solo-401K can contribute up to 100% of the first $15,000 of compensation or self-employment income, and an additional amount up to 25% of your compensation.