July - Solo 401(k) Plans

SOLO 401(k) plans are an exciting new retirement plan for sole practitioners and other owner-only businesses. These plans allow larger contributions than previously available through profit sharing plans, SEPs, and SIMPLE plans. They offer several other advantages including participant loans and catch-up contributions.

Why Choose a SOLO 401(k)?

Easy to setup and operate. These plans are easy to setup and operate. Our trained consultants guide you every step of the way.
You're in control. Because contributions are discretionary, you can decide how much you want to contribute each year.
Access to your money. You can borrow from your account balance, and the loan is tax free as long as it is paid back timely.
Tax savings. Get immediate tax savings. Contributions are tax deductible, and grow tax-deferred.
Flexible investment options. You and your financial consultant choose the portfolio that is right for you.
IRS approved documents. We use prototype plan documents that have been pre-approved by IRS.
Inexpensive. SOLO 401(k) Plans are inexpensive to setup and operate.
Consolidate your retirement savings. Consolidate all retirement savings with rollover contributions.
How Much Does It Cost ?
One-time Setup Fee. $250
Annual Ongoing Fee. $350 plus $350 for spouse or business partner.
Miscellaneous Fees. $150 for plans requiring IRS Form 5500-EZ $300 for plans requiring a full IRS Form 5500. $50 for SS-4. $100 for Loan Initiation Fee.