About: Solo 401(k)

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An Entity of Type : yago:WikicatTax-advantagedSavingsPlansInTheUnitedStates, within Data Space : dbpedia.demo.openlinksw.com associated with source document(s)
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A Solo 401(k) (also known as a Self Employed 401(k) or Individual 401(k)) is a 401(k) qualified retirement plan for Americans that was designed specifically for employers with no full-time employees other than the business owner(s) and their spouse(s). The general 401(k) plan gives employees an incentive to save for retirement by allowing them to designate funds as 401(k) funds and thus not have to pay taxes on them until the employee reaches retirement age. In this plan, both the employee and his/her employer may make contributions to the plan. The Solo 401(k) is unique because it only covers the business owner(s) and their spouse(s), thus, not subjecting the 401(k) plan to the complex ERISA (Employee Retirement Income Security Act of 1974) rules, which sets minimum standards for employer

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rdf:type	place yago:Abstraction100002137 yago:Cognition100023271 yago:Content105809192 yago:Idea105833840 yago:PensionPlan105911255 yago:Plan105898568 yago:PsychologicalFeature100023100 yago:WikicatRetirementPlansInTheUnitedStates yago:WikicatTax-advantagedSavingsPlansInTheUnitedStates
rdfs:label	Solo 401(k) (en)
rdfs:comment	A Solo 401(k) (also known as a Self Employed 401(k) or Individual 401(k)) is a 401(k) qualified retirement plan for Americans that was designed specifically for employers with no full-time employees other than the business owner(s) and their spouse(s). The general 401(k) plan gives employees an incentive to save for retirement by allowing them to designate funds as 401(k) funds and thus not have to pay taxes on them until the employee reaches retirement age. In this plan, both the employee and his/her employer may make contributions to the plan. The Solo 401(k) is unique because it only covers the business owner(s) and their spouse(s), thus, not subjecting the 401(k) plan to the complex ERISA (Employee Retirement Income Security Act of 1974) rules, which sets minimum standards for employer (en)
dcterms:subject	Retirement plans in the United States Tax-advantaged savings plans in the United States
Wikipage page ID	38318174 (xsd:integer)
Wikipage revision ID	1070675073 (xsd:integer)
Link from a Wikipage to another Wikipage	Individual retirement account Tax deferral Retirement plan 401(k) Retirement plans in the United States Tax-advantaged savings plans in the United States Form 1040 Form 1099-R Keogh plan Economic Growth and Tax Relief Reconciliation Act of 2001 Employee Retirement Income Security Act IRA Required Minimum Distributions Unrelated Business Income Tax Self-employed SEP IRA Form 990-T
sameAs	Solo 401(k) Solo 401(k) Solo 401(k) Solo 401(k)
dbp:wikiPageUsesTemplate	dbt:Reflist dbt:Short_description
has abstract	A Solo 401(k) (also known as a Self Employed 401(k) or Individual 401(k)) is a 401(k) qualified retirement plan for Americans that was designed specifically for employers with no full-time employees other than the business owner(s) and their spouse(s). The general 401(k) plan gives employees an incentive to save for retirement by allowing them to designate funds as 401(k) funds and thus not have to pay taxes on them until the employee reaches retirement age. In this plan, both the employee and his/her employer may make contributions to the plan. The Solo 401(k) is unique because it only covers the business owner(s) and their spouse(s), thus, not subjecting the 401(k) plan to the complex ERISA (Employee Retirement Income Security Act of 1974) rules, which sets minimum standards for employer pension plans with non-owner employees. Self-employed workers who qualify for the Solo 401(k) can receive the same tax benefits as in a general 401(k) plan, but without the employer being subject to the complexities of ERISA. (en)
gold:hypernym	Plan
prov:wasDerivedFrom	wikipedia-en:Solo_401(k)?oldid=1070675073&ns=0
page length (characters) of wiki page	22586 (xsd:nonNegativeInteger)
foaf:isPrimaryTopicOf	wikipedia-en:Solo_401(k)
is Link from a Wikipage to another Wikipage of	Individual retirement account 401(k) SEP-IRA Self-employment
is foaf:primaryTopic of	wikipedia-en:Solo_401(k)

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