Solo/Owner 401(k)

Set-up for $250, due at sign-up.
Annual Form 5500-EZ filing $149, only if required, due at year-end. Click for more details on pricing.

Solo/Owner 401(k) plans are designed for business owners (and their spouses) who do not have any eligible employees who work more than 1000 hours in a plan year. These plans can also be designed for individuals who operate as Sole Proprietors or as companies (e.g. LLC, Partnership, Corporation, or Independent Contractor).

  • Easy to open and maintain
  • Contribute up to $53,000 in 2016 (if age 50+, up to $59,000)
  • Double this if you have a spouse or partner, for a total of $106,000 (or $118,000 if 50+)
  • High maximum contributions and contribution flexibility
  • Roth options are available
  • Flexibility in investments
  • Investment control- you can invest in any fund company
  • Our plan document allows you to invest in more than one fund company
  • No IRS Form 5500 filing required (if less than $250,000)
  • Loan option
  • Rollover option

For more detailed information, please visit the IRS website and our Knowledge Center.

  • Medical practices
  • Software professionals
  • Real Estate professionals
  • Technology entrepreneurs
  • Small Business owners
  • Solo/Owner practitioners

* Please note that this fee will be applied to your setup fee when you sign up. This fee will be waived for clients who are working with a Financial Advisor.

Explanation of Service Fee
Plan Illustration / Initial Consultation $99*
Initial Setup Fee $250
Annual Maintenance $125
Additional Services (if applicable)
IRS Form 5500-EZ Filing (if applicable) $149
Form 5558 Extension (if applicable) $99
Loan Processing Fee (if applicable) $149
Distribution Processing Fee (if applicable) $125
IRS Form 1099-R Preparation (if applicable) $125
Plan Termination $150

Are you ready?

Do you have any employees other than you, your spouse, or your partner? No Yes
Do you (or your spouse/partner) own any other companies with employees? No Yes
Does your company currently have an existing qualified retirement plan? No Yes

If all answers are “no”, a Solo/Owner 401(k) is just the plan you are looking for! Please Sign-up for your Solo/Owner 401(k)

If your answer is “yes” to any of the above, then you are not eligible for the Solo/Owner 401(k) plan. Please consider our Safe Harbor Plan

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