Net Income Attributable ( NIA )

Maximize your retirement savings with our powerful Net Income Attributable calculator tailored for self-directed solo 401(k) plans. Discover your true earning potential and make informed investment decisions to secure a prosperous future.

NIA Calculator

Step 1 - Balance as of date of withdrawal

Enter the balance on the date you are processing the excess removal.

Step 2 - Sum of Contributions

Enter all contributions including the excess, transfers in and rollovers.

Step 3 - Sum of Distributions

Enter all removals prior to removal of Contribution.

Step 4 - Balance Before Contribution

Enter the balance immediately before the contribution was deposited.

Step 5 - Institution Penalty

Enter any investment penalties.

Step 6 - Amount of Excess

Enter the amount being withdrawn.

The NIA is

Step 1 - Balance as of date of withdrawal
Step 2 - Sum of Contributions
Step 3 - Sum of Distributions
Step 4 - Balance Before Contribution
Step 5 - Institution Penalty
Step 6 - Amount of Excess

Net Income Attributable (NIA) is the amount of gain or loss applied to the excess contribution that is being withdrawn.

When a taxpayer withdraws excess contributions, they must also withdraw any gain generated by that contribution.
To avoid possible plan disqualiﬁcation, you need to correct the excess contributions.
The plan can return the excess contributions and any plan income attributable to those contributions to the appropriate highly compensated employees.