I have have been funding the Solo 401K with my wages as wells as company contributions to max the contributions at 56K ( 19K + 37K). when i established this solo 401k account i was told this is good for single employee llc with the only exception being that the spouse of the owner also could contribute to the solo 401k. My wife is also beginning to work for the llc and she will get a w2.
My question is does she need to establish her own solo 401k account ? and also do we need to do any additional paper work to state that she the spouse of the owner.
Currently i am sole owner of the llc . Do i need to add her as a co-owner to be able to take advantage of the solo 401k.
