Hi, 2E and 3B are correct ... but you'll also need ...
s W-@ cage deferrals into the plan
And I'm gussing you'll need 2R as well - Don't overread "Brokerage." What this is really referring to is the fact that it's self directed plan, meaning that your employees get to choose how the dollars are invested (mutual funds, for example)
Also 3D .. if you just set this up through a mutual fund company, investment co/brokerage like Schwab, Scottrade, etc or even a bank, You are probably using a prototype plan document ... basically, if you just chose from check boxes and a plan design questionnaire about things like who was eligible, etc, and didn't pay someone to "design the plan" then you are using a prototype plan document
And that will do it ... (2E), YOu DO have a profit sharing component ... (3B), does cover you as a self-employed individual ... (2J), it's 401(k) plan with salary deferral features .. and (3D) if it's like 99% of plans out there and uses a bank, brokerage or insurance Co plan document, you're using a prototype document.
Hope this helps
Let me knos if you have questons
I still don't see you coming into the chat .... I'll move us to the Q&A mode, Maybe that will help .... We can still continue a dialoduge there, just not in real-time, as we can here ... again let me know if you have questions ....
replying from thread. repeating particulars for 5500EZ Part III. I am self employed with spouse as an employee. As the employer I have an individual 401k plan and contribute to the plan on line 28 of 1040 which includes profit sharing. My spouse contributes through W2 deductions. On 5500EZ part III question 8a, I have included all my contributions including profit sharing. On 8b I have included all of my spouses contributions. Is this what they mean by employer and participant?
I think I am clear on this but for verification does this mean when I contribute my self employment income with no W2 wages and profit sharing, with Schwab, I should classify their total as employer contribution and when I fund my (spouse employee) from W2 wages, with Schwab, I should classify it as elective deferral.