roh
Level 2

Husband does not materially participate, can he have account in LLC's solo 401k plan (and contribute to it)?

Non-community property state, husband-wife LLC (no employees).  Husband does not materially participate, can he have account in LLC's solo 401k plan (and contribute to it)?  Profits and losses of LLC are split 50/50 between husband and wife. There are no other members in the LLC, and no employees.