Series 24: HR-10 Plans (Keogh Plans)

Taken from our Series 24 Online Guide

HR-10 Plans (Keogh 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 plan or defined-contribution plan.

The defined-contribution plan provides an individual account for each participant in the plan. It may be of two kinds: profit-sharing plans and money-purchase plans. With the profit-sharing plan, employers can contribute up to the lesser of 100% of the participant’s earned income into the plan or $53,000. Deductions cannot exceed 25% of the compensation paid during the year to your eligible employees. Employer contributions are discretionary, in the sense that their amount may vary from year to year. Whe

+ Read More

More Series 24 Info

What are people saying?

Create an Account

Since you're reading about Series 24: HR-10 Plans (Keogh Plans), you might also be interested in:

Series 82 - Investment Goals

Series 65 - 8.9.3.1. Exemptions from Registration

Series 65 - Defined Benefit Plans

Series 26 - Exercise

Series 66 - 7.7.1.1. People and Entities Excluded from Investment Adviser Definition

Series 66 - Right to Vote on Relevant Matters

Series 14 - 2.3.3.3. Consolidated Tape

Series 65 - 9.1.2.3. Types of State Registration

Series 66 - Currency Transaction Reports (CTRs) and Suspicious Activity Reports (SARs)

Series 53 - 4.2.5.3. Reporting and Payment of Designated Orders

Series 79 - Other Restrictions

Series 3 - 7.3.3.6. Reporting of Segregated Accounts to Regulators

Please Enable Javascript
to view this content!

Site Login

TESTIMONIALS

What are people saying?

I passed my Series 24 with two weeks of nearly full-time study, using the textbook, the online class, and the exam simulator. The textbook was very readable and helpful in providing complete explanations, as well as helpful memorization tips. The online class and pre-recorded sessions were crucial to get through all of the material and put it in relative context. It was helpful to be able to have questions answered instantly and via email afterward. The online simulator questions were just like the exam questions, and the immediate feedback function was essential for learning from the practice quizzes and exam. I needed every minute of my study and practice time to count, and Solomon Exam Prep made it possible. Thank you!

T. Richmond, Bethesda, MD

I was very impressed with all elements of Solomon's Series 24 offerings. Solomon provided an incredibly organized system for me to utilize, which kept me "on point" and focused. I felt good confidence going into the test because of the structured system that Solomon developed. I would certainly recommend Solomon to anyone that is taking the Series 24.

William Bundy, Bundy Group. Charlotte, NC

Passed the 24 today ... fun test.. You have a great product. The material was easy to follow and the practice tests were very, very helpful. Thank you.

Danny Klingler, Kestra Financial, Austin, Texas

I was very apprehensive about the Series 24 exam prior to taking it. Everyone I knew who had taken it informed me that it was an incredibly difficult test, with questions that were meant to trick you. After following Solomon's six week study outline and making flashcards for my weakest areas, I was averaging in the high 80s on the Solomon practice exams. That gave me the confidence I needed to walk into the test center feeling prepared, and the knowledge I needed to walk out of the test center having scored an 88. I am now recommending the Solomon Series 24 materials to everyone at the office!

Janie Richards, Austin, TX

Thank you Solomon! I was able to pass the SIE, 7, 63 and 24 in a relatively short time period. The practice exams with answers really helped and when I had a question for The Professor, I always received a quick and accurate response. Solomon is definitely the way to go.

Seth Schader, CCO, Mercer Island, WA

Just passed the Series 24 on my first attempt. Not an easy exam so put the time in. I used the Video Lectures and the Exam Simulator from Solomon. Great resources of information!

Shawn McClain, Natixis, Charlotte NC