Keogh Plans

Keogh Plans

Who should use Keogh plans

How to check on your plan's health if you're in a Keogh

Who should use Keogh plans

Designed for sole proprietors and small businesses

More complicated than Simplified Employee Pensions (SEPs)

Allow greater tax-deferred savings than a SEP

Stricter vesting rules than other retirement plans like a 401(k)

Most employees gain 100 percent vesting after three years

How to check on your plan's health if you're in a Keogh

Even though Keogh plan is often managed by business owner, you can still check on the plan's health

Should be given annual statements

Check IRS Form 5500-C/R if you want to dig deeper