IRS

Identity Theft and Self-Directed 401(k) Plans?

You see lots of blog posts on 401(k) plans.  You see lots of blogs on identity theft.  You see a lot less (though still a lot) blogs on self-directed 401(k) plans (also, referred to as self-administered 401(k) plans, Solo-K plans, one-participant plans, uni-K plans).  And, you never really see too many blogs on the combined topic of the two.  But,…read more →

IRS Form 5500-EZ — One Participant Plans

For those of you with self-directed 401(k) plans, the IRS Form 5500-EZ may or may not apply to you.  Whether or not you have to file the 5500-EZ for your Solo-K plan is based on whether the value of the plan’s assets exceed $250,000.    It is important to note that while many people believe the 5500-EZ is only for…read more →

Employees and Solo(K) Plans — Like Water and Oil

Yes, employees and Solo(K) plans don’t mix.  As much as it is preaching to the choir, one can never talk about this topic enough. Okay, you are self-employed and you have had success with your business.  You believe you have the need to add an employee to assist you with the business, and you give no thought to how this…read more →