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If you are a Small Office/Home Office (SOHO) business owner, this page is for you.
We understand that the SOHO business owner enjoys some unique advantages. But in many instances, particularly with regard to employee benefits programs, the SOHO business owner may find herself/himself at a distinct disadvantage. In the qualified retirement plan arena, small business owners very often find that their choices in qualified retirement plan programs are limited. This can be particularly true when it's time to invest your retirement plan dollars. In addition, not having an employee benefits or human resources department often means the business owner must do the investigative research needed to properly design, set up, and maintain a retirement program. Because of time constraints, this investigative process is often rushed. As a result, small business owners often miss many of the financial advantages good plan design can provide; advantages that many larger companies with greater resources take for granted. The Omega Pension Group specializes in providing the small office/home office business community with benefits solutions ranging from IRA's to full blown qualified benefits packages.
We designed this page to provide you with resources that will not only guide you in investigating a retirement program, but also will provide you with tips and information to help improve your business in general. Our goal is to provide you with the kind of help and support that will allow you to concentrate on your business, not your benefits program. Please check the other pages of our site as well. You will find more valuable information and resources. If you have comments or questions, please submit them using our Feedback Form, or e-mail us.
LINKS TO SITES
RETIREMENT PLAN SITES
Internal Revenue Service - Addresses retirement plan issues for small business owners. Pension, Welfare & Benefits Association - An excellent site to introduce small business owners to the concepts of retirement plans.
GENERAL SMALL BUSINESS SITES
Entrepreneur Magazine - Full of tips, articles, and information that helps home-based businesses. SOHO Online - Information, tips and benefits for home-based business owners.
OTHER INFORMATION
Suggested Plan Types for Small Office/ Home Office businesses.
Defined Benefit pension plans and regular 401(k) plans are also used by SOHO businesses, but these plans are more complex than the others, and require special handling. |
TWPG