Even as the economy improves, the pace of loans taken from Solo 401(k) plans is holding steady.
"That's somewhat surprising to us," said Adam Bergman, a partner with the IRA Financial Group, a New York-based provider to about 3,500 Solo 401(k) plans.
Solo 401(k) plans are available to independent contractors or small business owners, and their spouses, that don't have fulltime employees.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
