Seligman One(k)

Ready to establish your plan? Ask your financial advisor about Seligman One(k) today!

Download a fact sheet for Seligman One(k), including a chart to help estimate your maximum contribution for various types of retirement plans.

Why Seligman One(k)?

  • Set aside up to $45,000 a year for your retirement:*
    – Pre-tax salary deferrals of up to $15,500 for 2007, plus
    – Tax-deductible employer contributions of up to 25% of compensation
    – Make an additional catch-up contribution of up to $5,000 if you are age 50 or over
  • IRS-approved prototype document includes loans and hardship withdrawals
  • Easy rollovers of most types of retirement assets into a One(k)
  • Up to 21 funds from Seligman’s broad range of US and global mutual funds
  • Seligman Time Horizon Matrix — a unique asset allocation and investment process for individuals seeking to build wealth and manage risk over time

Who can establish a Seligman One(k)?

  • Any owner-only business with no full-time employees (other than a spouse).
    – Sole proprietorships, S Corporations, Partnerships, C Corporations

If you already have a retirement plan for your business, consider consolidating your plan assets in your new Seligman One(k).

What are Seligman One(k)’s fees and services?

Plan Set-Up: $125
Annual Maintenance: $265 (additional participants $150 each)
     Includes:

  • BISYS Service Guarantees for recordkeeping and administration services
  • All reporting, including signature-ready IRS Form 5500-EZ (if applicable) 
  • No nondiscrimination testing required
  • 24-hour account access — website and toll-free telephone

Employer contributions and plan administration costs may be tax-deductible to your business. Special tax credits are now available — consult your tax advisor to see if you qualify.

*Contribution limits are scheduled to be indexed for inflation from 2007 to 2010. Note: The legislation enabling owner-only 401(k) plans contains a “sunset clause.” Unless new legislation makes it permanent, it will expire on December 31, 2010. Payments received before age 59-½ may be subject to an additional 10 percent tax.

This information is authorized for use only in the case of concurrent or prior delivery of the offering prospectus of the Fund. You should consider the investment objectives, risks, charges, and expenses of a Fund carefully before investing. A prospectus containing information about a Fund (including its investment objectives, risks, charges, expenses, and other information about the Fund) may be obtained here. The prospectus should be read carefully before investing in a Fund.

The Seligman Funds are managed by J. & W. Seligman & Co. Incorporated (Seligman). The Seligman Mutual Funds are distributed by Seligman Advisors, Inc. Seligman Services, Inc. provides client services to Fund shareholders. Seligman Advisors, Inc. and Seligman Services, Inc. are wholly-owned subsidiaries of Seligman.

Distributed by Seligman Advisors, Inc.