Yes, you can start a 401(k) in your business. The amount you can contribute is limited to the amount with the 401(k) with your employer, the employee deferral portion. The employer can contribute up to 25% of your salary.

You can have multiple 401(k)s, and each plan has a limit of $66K—if you are over 50, there is a make-up of $7,500. To contribute to a 401(k, you must have an active business with active or ordinary income.

If you use an S-corp and manage your properties, you can put that money into a 401(k). 401(k)s are deductible for federal and state income taxes but not for employment tax. And even if you can’t contribute, you can still roll over your IRAs and do other things.

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