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November 1st, 2010

What are SBO-401(k) Plans?

(Money Manager) - SBO-401(k) plans are designed specifically for small business owners (SBOs). These plans are government registered and tax deferred, and can be used only by eligible participants. In order to be eligible to participate in an SBO-401(k) plan, the business must consist of the owner of the business along with their spouse.

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