Falling within Ohio National's area of specialty are independent professionals who are the sole employees of their businesses. Ohio National's Owner-Only 401(k) plans are targeted to the needs of businessowners and their spouses. These plans offer simplified administration and costs that can benefit the small businessowner.
For the Owner-Only business, the form of business (i.e., sole proprietorship, partnership, corporation, or LLC) does not matter — just that the sole owner/employee is interested in a plan for the owner(s) and spouse(s) only. As a qualified retirement plan, it will permit far larger contributions than would be possible with either an individual IRA or spousal IRA.
A more complete description of the Owner-Only 401(k) and the funding vehicles offered by Ohio National is available in the brochure Owner-Only 401(k) (Form 3737).
Ohio National is not affiliated with, nor does it endorse or sponsor, any particular prospecting, marketing or selling system.