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So for the elective deferral portion you can contribute $18,000 (if you are 50 or older this amount increases by $6,000). Currently you are at $16,000 between the solo 401k and your traditional 401K. This would mean you could contribute another $2,000. The profit share plan portion limit is $35,000. This of course depends on your earned income in the business. So the total amount of deferral between the elective and non elective (profit sharing) is $53,000.