My practice partners want to set up a new 401(k)

[Ronason]

I have a solo 401(k) set up from 1099 income in my side hustle taking call. I did this because my practice where I am a partner did not have a retirement plan offered. Now, my two partners would like to set up a company 401K plan. My question is, can I continue with my solo 401(k) in addition to my practice 401K where I am paid a W-2 salary?

[The White Coat Investor]

Yes.

 

https://www.whitecoatinvestor.com/multiple-401k-rules/

[childay]

It sounds like you do not have a "controlled group."

https://www.employeefiduciary.com/blog/is-your-company-part-of-a-controlled-group-you-need-to-know-or-risk-401k-plan-disqualification

[Ronason]

Thanks so much guys. I just needed the extra support. Appreciate both references but I couldn’t get through 600 comments at the end!