Bank Statement Converter for a Solo 401k

Self-employed individuals with solo 401k plans must track their own contributions carefully since there is no employer payroll system doing it for them, and those contributions affect both taxes and retirement loan eligibility. Convert your PDF bank statements to Excel so you can document contribution deposits, match them against the annual IRS limits, and produce the records your tax preparer, financial advisor, or 401k loan administrator needs.

Key Benefits

• Track contribution deposits against annual IRS limits
• Document both employee deferral and employer match portions
• Support a solo 401k loan request with contribution history
• Export Excel for your tax preparer or financial advisor
• Free, no account required — your data stays private

How It Works

1. Step 1: Download statements covering the contribution year
2. Step 2: Upload each PDF to Bank Statement Converter
3. Step 3: Select Excel or CSV output
4. Step 4: Identify and total retirement contribution deposits

Frequently Asked Questions

How much can I contribute to a solo 401k?

For 2024, total contributions are capped at $69,000 (or $76,500 if 50 or older), combining employee deferrals and employer profit-sharing contributions from the same self-employment income.

Can I take a loan from a solo 401k?

Many solo 401k plans allow loans up to the lesser of $50,000 or half the account balance, and documented contribution history helps establish the account value for the loan limit calculation.

Convert a Statement Free