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Comparison of Contributions By Plan Type

Compensation Quick Reference Chart

Entity Type Source of Income Compensation for Plan*
Corporation W-2 W-2
S-Corporation W-2 + Schedule K-1 (Form 1120-S) W-2 only. K-1 is disregarded.
Sole Proprietorship Schedule C Earned income (calculate)**
Partnership Schedule K-1 (Form 1065) Earned income (calculate)**

*Capped at $275,000 per year (2018 limit. Indexed for inflation.)

**Net income, less certain adjustments, such as 1/2 of self-employment tax.


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