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Posted by John Bliss on December 15, 2007, 11:11 pm
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I work as a contract programmer for several clients, and for some, I
work from home, and my hours at each client vary quite a bit from week
to week. I can easily pass the IRS test of "self employment". However,
for most of my clients, I get paid W-2 wages, not directly from the
client, but from pass-through, pay roll companies. For example, this
year, I will have 4 W2s and 2 1099s, all from different companies. I
am not eligible for contributing to 401k plans at any of the pass-
through payroll companies I get paid through, because the length of
the contract is usually less than 6 months, which is the minimum
eligibility period for most companies for setting up a 401k.
MY question is: Am I eligible to set up an individual 401k, even
though some of my income is W2 income and technically I am considered
an employee of the payroll company?
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