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Advantages of a ShareBuilder 401K Solo-K Plan
Save More
Contribute up to $69K/Year
Roth Option
After-tax contributions
401(k) Loans1
Emergency Access to monies
Advantages of a ShareBuilder 401K Solo-K Plan
You Save More
Contribute up to $69K/Year
Roth Option
After-tax contributions
401(k) Loans1
Emergency Access to monies
Solo 401(k) | IRA | |
---|---|---|
Annual Limit perIndividual | $69,000 | $7,000 |
Age 50+ Catch-Up Amount | $7,500 | $1,000 |
Roth Income Limit | None | $161,0002 |
How it works:
Setting up a Solo 401(k) in 3 easy steps
Answer a few questions
Answer a few questions about your business to help us determine the core 401(k) plan type that best aligns with your particular business needs.
Review Your Quote
Key Features include Roth 401(k) and loan options. This process takes about 15 minutes.
Purchase your plan
Let us quickly create your plan documents and install the plan for you. This process typically happens within 48 hours.
How it works:
Setting up a Solo 401(k) in 3 easy steps
Answer a Few Questions
Answer a few questions about your business to help us determine the core 401(k) plan type that best aligns with your particular business needs.
Review Your Quote
Key Features include Roth 401(k) and loan options. This process takes about 15 minutes.
Purchase Your Plan
Let us quickly create your plan documents and install the plan for you. This process typically happens within 48 hours.
Compounding Can Really Help Your Savings Add Up
Because earnings in a 401(k) plan compound via market growth, dividends and/or interest, over time your money can grow in an exciting way. In the hypothetical example shown here, you can see how $1,000 could turn into $20,000 over a 40-year career.
This example compares how a one-time investment of $1,000 can grow over time assuming an 8.0% fixed annual rate of return. Your account may earn more or less. This is a hypothetical example only, and not a guarantee of future returns. Actual experience will vary with portfolio selections and changing market conditions. The total account balance does not take into account federal and state income taxes, which will be due upon withdrawal. Assets withdrawn before 59½ may incur a 10% tax penalty.
$20,000 | ||||
$15,000 | ||||
$10,000 | ||||
$5,000 | ||||
$0 | Year 10 | Year 20 | Year 30 | Year 40 |
Frequently Asked Questions
What is a Solo 401(k)?
Solo 401(k) plans offer self-employed and owner-only businesses high saving limits and tax advantages. Solo 401(k)s allow you to contribute to the plan as both the employer and employee, providing you the ability to maximize your personal retirement contributions and business deductions, while lowering your personal taxes.
What does a ShareBuilder 401k Full-Service Solo 401(k) plan provide?
Who is best suited for a Solo 401(k)?
Self-employed, multiple-owner firms without employees, and/or spouses that will contribute more than $6,000 per year.
Date plan must be opened to qualify for this year
A new Solo 401(k) plan must be established by the end of your business tax year (generally December 31st) to qualify for the current year saving and tax benefits.
What are the funding deadlines?
ShareBuilder 401K has your back
6,500+ Businesses
Thousands of Companiessave for retirement with us
50 States
Proudly serving 401(k) planclients in all 50 states
15 Years
How long we’ve happilyserved small businesses
Best Retirement Plans of 2020
— July 14, 2020, Best Overall Safe Harbor 401(k)
5 Best Solo 401(k) Providers for 2021
— November 9, 2020, Best Overall forLow-Cost Model Portfolios
7 Top 401(k) Providers for 2021
— January 27, 2021, Best Overall forLow-Cost Model Portfolios
ShareBuilder 401K
has your back
6,500+ Businesses
Thousands of Companiessave for retirement with us
50 States
Proudly serving 401(k) planclients in all 50 states
15 Years
How long we’ve happilyserved small businesses
Our Licensed 401(k) Advisors are available at 1-800-431-7934 ext. 1, Mon-Fri, 9AM-8PM EST to provide guidance and answer any questions.
Our Licensed 401(k) Advisors are available at 1-800-431-7934 ext. 1, Mon-Fri, 9AM-8PM EST to provide guidance and answer any questions.