If my new company will not have any full time employees other than myself can I still use the structure?
Yes. In fact, the administration of the Plan will be much easier if your business will have no employees other than yourself since you will not require the services of a third-party Plan Administrator or recordkeeper. If you elect to purchase new company stock along with your new 401(k) Plan, as the sole employee of the Company, you could serve as the Plan’s trustee and administrator.
Please contact one of our IRA Experts at 800-472-0646 for more information.