Individual(k) Plan

[FJR]

There seems to be a lot of Buzz out there on individual (k) plans, those marketed to the self-employed with no EE's.

My question is what makes this plan different. Seems like we can use our regular prototype document and create the same thing. No need to have a "special" type of document. Any thoughts.

[Earl]

only difference is completing about 6 questions rather than 106. Of course if they ever hire someone the provisions are generally more liberal than need be and they better take action first.

Which every Sole Prop out there surely would do....