A retirement plan for self-employed business owners.
Solo(k) provides all the benefits of a 401(k) plan without the complicated paperwork, long startup times, and compliance headaches you would face setting up a big-business 401(k) plan. Alerus consultants can help build the best retirement plan, custom tailored to you.
A Solo(k) is designed for self-employed business owners, including:
- Independent contractors
- Sole proprietor businesses
- Closely held family businesses
- Anyone who receives IRS Form 1099 at the end of the year for their income taxes, rather than the traditional IRS Form W-2 employees receive for regular payroll wages.