At the Bell; AIM adds Roth option to Solo 401(k).(Late News)

Investment News, January, 2006

AIM Investments added a designated Roth 401(k) contribution option to its Solo 401(k) program last Thursday that allows plan participants to begin making designated contributions to the plan. To add the Roth contribution to the plan, sponsors are required to amend plan documents by Dec.

31. Amendments will be mailed later this year. Unlike the Roth individual retirement account, there are no adjusted-gross-income limits for participants who make designated Roth 401(k) contributions. All participants in plans that offer this feature are eligible. Houston-based AIM rolled out its Solo 401(k) in 2002 after the approval of the Economic Growth and Tax Relief Reconciliation Act of 2001. The company's plan is designed for owner-only businesses - those...

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