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Retirement tax questions
Fidelity used to use the title of Self-Employed Keogh on their web-based portfolio summary for both Keogh plans and Individual 401(k) plans, but at some point they updated their system to correctly identify individual 401(k) plans as Self-Employed 401(k) plans. Look at your actual account statement to see how the account is titled.
To calculate the maximum permissible combined employee elective deferral and employer contribution, mark the Maximize box for an Individual 401(k). Do not enter it as a Keogh plan contribution.
‎January 1, 2023
6:32 PM