Individual 401(k) PLAN SIZE: This plan is designed for corporations, partnerships, sole proprietorships and non-profit entities that employ 1) Owners and immediate family members, 2) Owners with part-time or seasonal employees that can be excluded from the plan. These businesses can be incorporated or unincorporated. These plans are not designed for employers with rank-and-file employees. ELIGIBILITY: Must include employees who are at least 21 years old, have completed 1 year of service (at least 1,000 hours). Employer may set less restrictive eligibility standards. Automatically excludes Union employees and non-resident aliens. FUNDING: Salary deferrals optional. Employer contributions optional. VESTING: Participants are immediately 100% vested in salary deferrals and employer contributions. Return to Investment page