Self-employed individuals are the latest group to be targeted by several asset management companies, which are providing them with individual 401(k)s, or solo 401(k)s, The Wall Street Journal reports.

These accounts let owners put away as much as $41,000 for retirement this year. Several companies, such as Charles Schwab Corp., T. Rowe Price Group Inc., Fidelity Investments and Oppenheimer Funds, are rolling out these plans at a rapid pace. Individuals can consolidate their various retirement savings into solo plans, which offer companies a way to enhance their total assets under management.

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