A tax-qualified retirement plan designed for self-employed individuals based on the same parameters and requirements of a group 401(k) plan. Business owners who have no other eligible employees may contribute up to 25% of their total compensation in the profit-sharing portion of the plan in addition to their elective deferral of up to $15,500 in 2011 ($20,500 at age 50 or older). Also called Solo 401(k).
Related information about individual 401(k) plan:
- What's an individual 401(k) plan? - CNN Money
The individual 401(k) - also known as the solo 401(k), the solo k, or uni-k - works much the same as traditional 401(k) plans offered by large companies, as well ...
- Individual 401k Plans
An individual 401(k) plan is a regular 401(k) plan combined with a profit-sharing plan. However, unlike a regular 401(k) plan, an individual 401(k) plan can be ...
- Individual 401(k) Retirement Plan - T. Rowe Price
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- Wells Fargo Small Business - Individual 401(k) Plan for Small ...
As the owner or partner of a small business, you can maximize tax-deductible contributions at lower income levels.
- Individual 401(k) Plans: Charles Schwab: 401(k)
If you're self-employed or run an owner-only business, you can make substantial contributions toward your retirement with an Individual 401(k) plan. It's easy to ...
- Instructions for Completing the Schwab Individual 401(k) Plan ...
The Schwab Individual 401(k) Plan is designed specifically for Self-Employed Individuals; owner-only businesses or owner-spouse businesses, including ...
- Individual 401(k) plan for self employed from ShareBuilder 401k
Individual 401(k) plan for self employed.
- Small Business Retirement Plans : Individual 401(k)
Nov 6, 2012 ... An Individual 401(k) plan offers owner-only small businesses a way to set up and contribute to a 401(k) plan. One of the primary benefits of this ...