Owner Only 401(k) Plans

Safe Harbor 401(k) Plans
July 7, 2017
New Comparability Profit Sharing Plans
July 7, 2017
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Owner Only 401(k) Plans

 
If you are a small business owner with no employees and are looking for complete flexibility, an owner only 401(k) Plan could be the solution for you. This is not a new type of 401(k) plan. This is a traditional 401(k) plan with all the normal features of a 401(k) plan except that it covers a business where the only eligible employee is the owner, or the owner and a spouse.
In this type of plan, the business owner essentially wears two hats. You are the employee and employer. You can make contributions to the plan in both capacities!
 

 

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