I am in independent cotractor and earned around 320k in 2025. Around 30k in expenses so plugged in 290k for net profit in this solo 401k calculator:
[https://obliviousinvestor.com/solo-401k-contribution-calculator/](https://obliviousinvestor.com/solo-401k-contribution-calculator/)
It spit out:
* An employee contribution of $15k plus
* An employer contribution of $55k
I was expecting the employee amount to be $23.5k, no?