Solo 401(k)

Planning for retirement? Another option for the self -- employed

your return. You can look up expense ratios for any fund at www.morningstar.com.

No or low setup costs and annual fees — You want ease and simplicity of account setup and ongoing maintenance, says Meigs. Compare the load fees and administrative fees of one or more Solo 401(k) plans to make sure you aren’t paying too much .

Investment flexibility — Find out if you are restricted to a limited number of funds or if the “platform” is open, allowing you to invest in stocks, bonds, mutual funds, and real estate, advises Meigs. Can you use low — cost index funds, which tend to have lower expense ratios? Will the firm selected take care of any regulatory filings (for example Form 5500 may be required) and all compliance issues? Does it provide good telephone and/or e — mail support?

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