At Benefit Plans Plus, we believe that everyone should have an equal opportunity to have a formal retirement plan. This type of plan is also known as an Individual 401k, solo k, self-employed 401k and single k. For the individual business owner, the options have been limited...until now!

Solo Business Owner (SBO) 401k plans are now available to the largest group of employers, the solo business operator, and the retirement plan is as powerful as any available. You can contribute every year, contributions are discretionary, contributions reduce your taxable income and are deductible, the expenses associated with the plan are deductible, and the investment gains grow tax deferred.

The investment selection is unlimited. You can choose to self-direct your investments, use your current financial advisor or ask for a recommendation for other professional management. You can have the same features that the largest corporations in America have, including:

Best of all, you choose the amount you contribute each year based on the financial results of your company. In addition, you can consolidate most of your other retirement savings into the plan. For example, you can rollover funds from IRA's, 403(b) plans, 457 plans, other 401k plans, etc.

Benefit Plans Plus allows you to receive all of these features and flexibility. Visit the links on the left side or following to get information on how to Apply Online, Compare Limits to a SEP and SIMPLE, Frequently Asked Questions about the SBO 401k Plan, and Details of the SBO 401k Plan.

If you would like to receive more information, contact Jeana Craft at 314.824.5209.

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