A government initiative to support self-employed small business owners, who do not have supplementary income, through tax-deferred retirement saving plan. The SBO-401k can be used by both single proprietors and partnerships.
Related information about SBO-401(k):
- SBO-401(k) Definition | Investopedia
Eligible participants for an SBO-401(k) are businesses that employ the business's owners and their spouses. The business must not have any other eligible ...
- SBO 401(k) | Retirement Dictionary
Oct 23, 2012 ... An SBO 401(k) is a 401(k) plan, for which the adoption agreement and plan document has been modified to exclude nondiscrimination and top ...
- What are SBO-401(k) Plans? | Money Manager
Nov 1, 2010 ... SBO-401(k) plans are designed specifically for small business owners (SBOs). These plans are government registered and tax deferred, and ...
- 4 Investing Tricks You Won't Believe Are Legal | InvestingAnswers
Nov 28, 2011 ... If you have lot of money to invest and you or your spouse has an owner-only business, you can take advantage of a SBO-401(k). These plans ...
- What is SBO-401(k)? definition and meaning
Definition of SBO-401(k): A government initiative to support self-employed small business owners, who do not have supplementary income, through tax-deferred ...
- 401k Plans for Small Business Owners - Eligibility Requirements for ...
401k Plans for Small Business Owners - Eligibility Requirements for an SBO-401( k), making 401k Elections, Salary Deferral & Profit Sharing Contribution Limits ...
- What does it cost for a small business to start their own 401k ...
Jan 3, 2009... “Solo 401(k)”, “Uni-K Plan”, “Self-Employed 401(k)”, SBO-401(k), and various others like Keogh plans. Your business is eligible for them all.
- 4 Investment Ideas That Sound Like Schemes, But Aren't - Business ...
Dec 1, 2011 ... If you have lot of money to invest and you or your spouse has an owner-only business, you can take advantage of a SBO-401(k). These plans ...