Solo-401k: New Beginning for your Small Business
Also known as Uni-K or Individual-401k.
Primarily designed for owner only or 1099 contractor businesses, subject to employee eligibility, and no record keeping cost with custodian’s plan template.
Includes 401k and SEP components to maximize contributions.*
Consolidate by rollover or transfer of your old 401k, SEP, IRAs into Solo-401k.
Become your own banker: for your growing business, you’ve access to plan loans subject to limits and payment terms per customized plan document. Principal and loan interest are credited back to participant borrower account.
Professionally managed by MangoTree® Capital, LLC, a registered investment advisor using low-cost ETFs and goals based investment models. Portfolio management fees are authorized by you.
Transition to 401k when you hire non-owner employees.
Account opening via Docusign. Backed by Independent Custodian:
* 2021 employee contribution limit: $19,500 ($26,000 if age 50 or older). May be made either as Roth, pre-tax, or a combination of both. Employer contribution up to 25% of pay (20% for self-employed). Total contributions cannot exceed 100% of pay up to $58,000 ($64,500 if age 50 or older) per IRS link here. 5500-EZ filing required for plan year ending assets exceeding $250,000. Consult your tax preparer for all situations and filing.