Solo 401(k) PLAN

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General information A One-Participant 401(k) Plan, commonly referred to as a Solo 401(k), is a retirement savings plan designed for self-employed individuals or small business owners with no employees, other than a spouse who works for the business. It functions like a traditional 401(k) but is tailored for a sole proprietor, a partnership, or an owner-only corporation.

 

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Description

A One-Participant 401(k) Plan, commonly referred to as a Solo 401(k), is a retirement savings plan designed for self-employed individuals or small business owners with no employees, other than a spouse who works for the business

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#26

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