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| Solo-k Plan |
Traditional 401k Plans are subject to all Sections of ERISA legislation. All plans covered by Title I of ERISA as described in DOL Reg. 2510.3–3, including traditional 401k plans became exempt from State law after January 1, 1975.
Plans not covered by Title I, such as sole proprietor, partner and corporate Solo-k plans where the company is wholly owned by an individual and/or spouse and the plan covers only the owner and the owner’s spouse, and Keogh plans covering only (i) sole proprietors and their spouses, or (ii) partners and their spouses as well as continue to be subject to state trust investment law.
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