How To Open A 401K Retirement Plan? 
Is a 401 -LRB- k -RRB- retirement plan that way to go ? Are you an individual or business ? If you 're an individual and your contributions will not exceed the contribution limits of traditional IRA , you can save yourself a lot of hassle by using it . But if you 're a business using a 401 -LRB- k -RRB- as a benefit of employment to attract recruits and retain employees , then a 401 -LRB- k -RRB- may be the way to go . If you open a 401 -LRB- k -RRB- get ready for the administration paper work , admin items , compliance reviews , etc. . It can be worth the hassle , but do your due diligence first . 