Series 24: Keogh Plans (HR-10 Plans)

Keogh Plans (HR-10 Plans)

Keogh Plans are retirement plans for sole proprietorships and unincorporated businesses. S-Corporations, Limited Liability Companies, and C-Corporations are ineligible. A Keogh Plan may be designed as either a defined-benefit or defined-contribution plan.

Defined-contribution plans are of two kinds. With the profit-sharing plan, employers can contribute up to 20% of their earned income into the plan, and up to 25% of their employee’s pre-tax income. When the company is unprofitable, payments into t