What is a Solo 401(k) plan?
Discover 401k-like options for sole proprietors or people running small businesses. This product will help you defer more money to retirement. The sole proprietor must have no additional employees other than the spouse of the proprietor or partnerships whose only employees are self-employed partners and their spouses. The administrator of the plan is simply the business owner, their spouse or a partner. For 2007, the maximum contribution is $45,000.
