Solo 401(k) Plans for Owner-Only Businesses

What is a Solo 401(k)?
A Solo 401(k) is for owner-only businesses. Self-employed businesses include sole proprietorships, closely held family businesses, LLCs, partnerships and corporations.

A Solo 401(k) allows for substantially more contributions than other retirement plans due to its structure, which combines both employee and employer contribution limits. This dual contribution capability can significantly increase the total amount that can be contributed annually.

Read more about Solo 401(k) plans in our comprehensive FAQ: