It is written:
HR-10 plans , also known as Keogh (pronounced key-o) plans, are retirement accounts created for smaller professional practices (like a dentist’s office or law firm). The employer has a 2020 contribution limit of $57,000 or 25% of their income, whichever is less. When the employer makes a maximum contribution to their own plan, they must make a matching contribution to their employees’ plans equal to 25% of their income.
So when an employer makes the max contribution to their OWN plans, do they have to make a contribution equal to 25% of ‘their’ (the employer’s) income or to ‘their’ (the employee’s) income?