Indeed. Scubabear the employee is still limited to the same 401(k) contribution limits as everyone else, but Scubabear the employer LLC can have some very generous employer contributions for all of their employees (which happens to be just the one).
It’s so annoying that that sort of thing isn’t available to everyone. Similar for mega back door Roth IRA. Which my partners work supports but mine doesn’t. Iirc being able to back door or not was something like 175k dollars over 30 years.
