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Self-Directed Solo 401k Plan Eligibility Requirements


In this Solo 401k Quick Tip video, Sense Financial discusses Solo 401k Eligibility. Watch the videos to find out if you are eligible to set up a Solo 401k plan. To learn more please visit our website or contact (949) 228-9394. There are two main qualifications for Solo401k plan. The first is income from self-employed activity. This self employed activity can be a business of your own, or simply a part time, freelancing work. You can be employed elsewhere, have your site business, and still qualify. The second qualification is owner-only business. This means that, in order to qualify for a Solo401k plan, you cannot have any full-time employees other than business owner and his spouse. A full-time employee is defined as someone who works more than 1000 hours a year for the business....(read more)


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