Individual 401(k) Plans – Buyer Beware

By Aprio Publisher | May 16, 2023
Woman presenting a document to a couple

At a glance  Schedule a consultation with an Aprio Tax advisor Today. The full story: Individual 401(k) plans, also known as solo(k)s and uni-(k)s, have become popular retirement vehicles for owner-only businesses with vendors and the media regularly touting their merits. These plans are typically stripped-down versions of “full blown” 401(k) plans with a reduced administrative…

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Buyer Beware: Individual 401(k) Plans

By Aprio Publisher | March 8, 2022

Individual 401(k) plans, aka solo(k)s, uni(k)s etc., have become very popular retirement vehicles for owner only businesses, with popular vendors and the media regularly touting their merits. These plans are typically stripped down versions of “full blown” 401(k) plans with a reduced administrative and reporting burden. When utilized in the correct situation, solo(k) plans are…

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