The Ins and Outs of Setting Up and Administering Solo 401(k)s for Your Clients
Date/Time: Wednesday, October 31, 2012, 1-3 p.m. Eastern
(see all dates)
Presenter(s): Michael J. Tucker, CPA, Denise Appleby, APA, CISP, CRPS, CRC
A solo 401(k) plan is often the retirement plan of choice for the owners of small businesses. If you have a client who is currently using a solo 401(k) plan, or considering whether or not to adopt the solo 401(k) retirement plan option, you should attend this program because it will give you the ins and outs of setting up and administering the solo 401(k) plan -- vital information that you need to know in order to intelligently advise your clients.
- What is a solo 401(k) plan?
- Which businesses are eligible for a Solo-K plan?
- Setting up a 401(k) plan
- Why a small business owner should set use the solo 401(k) retirement plan option
- Advantages and disadvantages of the solo 401(k) option
- Selecting a plan trustee
- Contribution limits
- Form 5500 filing requirement
- Options to consider when a business is no longer eligible for a Solo-K plan
- Describe the advantages and disadvantages of the solo 401(k) plan option
- Set up and administer the solo 401(k) plan
- Any tax practitioner wishing to know more about the solo 401(k) plan
- Any tax practitioner advising clients with respect to the potential adoption of a solo 401(k) plan
Course Level: Intermediate
CPE Credits: 2, Taxes
Prerequisite: Basic familiarity with tax rules relating to individual taxation
Advance Preparation: None