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I have found several brokerages that have "canned" plans: Fidelity and Smith Barney. Fidelity doesn't charge anything if you have a minimum invested in any accounts with them (IIRC it's $30K). Smith Barney charges $100/year (may be other fees, I just looked them up).

I understand that if you have employees (other than your spouse) the administration gets complicated.

Right now I am looking into the paperwork of closing my previous plan (a money-purchase Keogh) so I can open the 401(k). If anyone has experience with closing a Keogh, let me know. I believe it involves freezing the old plan, then closing it. It can then be rolled over into an IRA.

The 401(k) looks very nice, you can defer 20% of net profit plus up to $11,000 of salary deferral ($12,000 if you are over 50).

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