The Individual 401k - Big Business Benefits For The Home Business

Major mutual fund and investment management companies now offer self employed individuals 401k plans that are easy to install and administer at very low cost. What's more independent contractors and small business owners can borrow part of their retirement savings tax-free and penalty free by taking advantage of a loan provision in these new plans. From now including a 401k search will probably become routine whenever small business owners look to set up a retirement plan. With all of its features, the individual 401(k) is bound to be a serious contender when it comes to choosing a small business retirement plan.