Solo 401k: The 401k for Owner-Only Businesses

small business solo 401kA Solo 401(k) is a specially designed 401(k) for business owners who have no employees. A key feature of this type of plan is your ability to maximize salary-deferral contributions without compliance testing. This 401(k) provides all the benefits of a standard 401k without the cost and complexity.

Scalable 401(k) for Officer-only Companies

This 401(k) was developed for entities, such as sole proprietorships, where there are no employees (certain immediate family members, if employed by the business, are considered owners).  This one-participant 401k is also called the Uni-k.

Solo 401(k): Easy to Start, Easy to Maintain

  • Low cost.
  • High annual contribution limits (IRS 401(k) contribution limits)
  • Roth 401k contributions allowed (even if you don’t qualify for a Roth IRA!).
  • No compliance testing required.
  • Flexible investment options.
  • Investment advice.
  • Rollover and loan provisions available.
Request Your Consultation

Next Step: Contact us for your complimentary consultation.

Let’s discuss whether or not a Solo(k) is right for you to help you pursue your retirement goals.
Request Your Consultation