What Is a Solo 401(k)? The 401(k) plan has gained popularity among small business owners ever since 2001, when some changes to federal tax law made it a better and more flexible choice for their ...

Most small businesses struggle to attract and retain key employees. But rather than throw a bigger salary at candidates, many business owners are finding that offering a robust benefits and ...

“Another key consideration for business owners when setting up a plan ... sort through the fine print before selecting a 401(k) plan. A small business 401(k) plan might charge recordkeeping ...

A safe harbor 401(k) is a great way for small-business owners to reward ... the largest disadvantages for company owners running a traditional 401(k) plan. It makes the plan more expensive to ...

Many small business owners plan on retiring over the next several years but have 80% of their wealth tied up in their ...

Small business owners can play catch up for retirement and dramatically reduce their tax liability with a stacked approach to Cash Balance Pensions on top of a Profit Sharing 401(k) plan.

Explore defined contribution plans such as 401(k)s, individual plans, such as Roth and traditional IRAs, plus plans for self-employed people, such as SEP and SIMPLE IRAs. Many, or all, of the ...

A 401(k) plan can be offered by any size business, including self-employed individuals. A 401(k) plan is often not considered by small-business owners as suitable since they think their business is ...

In 2024, Transamerica launched its DWC 401(k) Pooled Plan Solutions, designed to streamline retirement plan management for businesses, while WTW launched LifeSight PEP to leverage WTW’s global ...

Whether you're self-employed now or plan to start a small ... or self-employed 401(k) – is designed specifically for small business owners who don't have any employees (other than a spouse).

A small-business loan? A home equity loan ... setting up the company as a C-type corporation that has a 401(k) plan of its own. The owner transfers funds from the previous employer’s 401 ...

Offering retirement plans to employees ... they often don’t serve the business owners who decide to provide them for their employees. Putting money in an IRA and 401(k) can prevent business ...