Keogh plans (HR-10) are designed for which individuals?

• A. Self-employed persons who own more than 10% of the incorporated business
• B. Any size company
• C. Employees of large corporations
• D. Employers only

Answer: (B)

Keogh plans are retirement arrangements intended for self-employed individuals and the owners of small businesses who want a tax-advantaged way to save for retirement for themselves and their employees. The important point is that the plan’s availability isn’t tied to a fixed company size; it can apply to businesses of various sizes that involve self-employment income or ownership. That’s why the option describing “any size company” fits best—it conveys that the plan serves self-employed people and their employees across different business sizes. The other options focus on specific ownership thresholds, restrict to employees of large corporations, or imply the employer is the only participant, which isn’t accurate for Keogh plans.