Cool 401K For Small Businesses Ideas. Web solo 401 (k)s are a retirement savings option for small businesses whose only eligible participants in the plan are the business owners (and their spouses if they are also employed by the. Those with enough means will be able to save more money in their workplace retirement accounts next year.

As of 2023, individual employees have a 401 (k) contribution limit of $19,500, allowing them to contribute this amount annually to their 401 (k. Web here are some options. Those with enough means will be able to save more money in their workplace retirement accounts next year.