u/wlaxboy1

I am planning to open a self employed 401k through fidelity. I am self employed and have an LLC taxed as an S-corp and I am the only employee. I have a biz account with BOA and a personal account with BOA as well. I run my payroll through ADP. I pay myself a salary through that W-2 and I actually withhold almost all of the payroll instead of making estimated payments (its cleaner and easier for me).

I am a bit confused on the mechanics of making employee and employer contributions to the 401k? I thought that the employee contribution needs to be a part of payroll? If so how do I set this up through ADP? I see I can set up a "misc" deduction. If I wanted to do $1,000/payroll for employee 401k contribution can I just set this to $1,000 misc deduction and then move it to personal account and from there move to fidelity?

I am planning to open a self employed 401k through fidelity. I am self employed and have an LLC taxed as an S-corp and I am the only employee. I have a biz account with BOA and a personal account with BOA as well. I run my payroll through ADP. I pay myself a salary through that W-2 and I actually withhold almost all of the payroll instead of making estimated payments (its cleaner and easier for me).

I am a bit confused on the mechanics of making employee and employer contributions to the 401k? I thought that the employee contribution needs to be a part of payroll? If so how do I set this up through ADP? Or do I jsut transfer money from biz to personal and make the transfer to fidelity and mark it as employee and take the deduction when tax time comes around?

For the employer side I can just transfer money from the biz account to fidelity and mark it as employer contribution?

I am planning to open a self employed 401k through fidelity. I am self employed and have an LLC taxed as an S-corp. I have a biz account with BOA and a personal account with BOA as well. I run my payroll through ADP. I pay myself a salary through that W-2 and I actually withhold almost all of the payroll instead of making estimated payments (its cleaner and easier for me).

I am a but confused on the mechanics of making employee and employer contributions to the 401k? I thought that the employee contribution needs to be a part of payroll? If so how do I set this up through ADP? Or do I jsut transfer money from biz to personal and make the transfer to fidelity and mark it as employee and take the deduction when tax time comes around?

For the employer side I can just transfer money from the biz account to fidelity and mark it as employer contribution?