Self-employed business owner (SBO) 401(k) plan. SBOKs may be adopted by small businesses when only the owners are eligible to be participants.
by Denise Appleby When establishing a retirement plan for a small business, certain factors must be considered to ensure that the right employer plan is
Written by Denise Appleby: For Financial Advisors The Small Business Owner 401(k) is an ideal retirement plan for many self-employed individuals. A retirement savings solution
Definition An SBO 401(k), is a 401(k) plan established by self-employed individuals for their businesses. Brand names for these plans include Individual-K, Solo-K and Uni-K
