401(K) for individuals

The solo 401(k) made for the self-employed

Simple, low-cost, full-scale – our flexible Solo 401(k) plans allow self-employed individuals to maximize their retirement savings and still enjoy the same advantages of a big business plan.

401(k) plans for
Sole proprietors
401(k) plans for
Independent contractors
401(k) plans for
Freelancers
Mega Backdoor Roth
Pre-tax & Roth contributions
Loan options
Expert selected fund list
Flexible eligibility requirements
Recordkeeping services
Profit-sharing contribution
Pre-tax & Roth contributions
Automatic vesting
401(K) for individuals

The benefits at a glance

Higher contribution limit
Grow your nest egg by contributing over 3x more than a traditional IRA.
Tailor-made or turnkey fund lists
You have options to choose expert-selected fund lists or customize your own.
Business tax deductions & other savings
Enjoy the same tax deductions  bigger businesses get and reduced taxable income for pre-tax contributions.
Act as employer & employee
Combine the features of a group 401(k) and a profit-sharing plan so you get the best of both worlds.
Expert help from real humans
We mean it when we say we’re here for you. Get expert plan consulting during setup.
Upgrade & grow
Seamlessly upgrade your plan to include full-time employees as your business grows.
clients with this plan

Who can take advantage?

Our Solo 401(k) plans provide a great alternative opportunity for self-employed individuals and small business owners who don’t have common law employees.

Independent contractors
Freelancers
Sole proprietorship businesses
C Corp, S Corp, LLC, & DBA
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“It was easier than I expected, and with her help I am making smarter choices for my future! Great customer service!”
Alan B.
"I am not a 401(k) expert and the team at Ubiquity I work with has been patient, kind and are willing to help me obtain the knowledge I need to grow in my career.”
Ellen M.
"I have had a Single(K) with Ubiquity since 2016. Every time I work with their Customer Service team, I always get outstanding, knowledgeable representatives who truly want to help me.”
Amy C.
“Couldn’t be happier. I’ve been with Ubiquity Retirement since 2012 and find the online portal very easy to use.”
Cathy J.
Freelance Product Designer
Start investing in your retirement future

Plan details

Provisions
Who qualifies
4 max (including owners and their spouses)
Eligibility
Immediate or 12-months (1,000 hours) of service
Employee contribution
Pretax and Roth (optional Mega backdoor roth)
Employer contributions
Profit sharing
Vesting
Full & immediate
Loans
Permitted
In-service withdrawals
Available to participants over age 59.5
Contribution Limits
Salary deferral contribution
Up to $23K in 2024
Profit-sharing contribution
Up to 25% of income for corporations or 20% for self employed
Annual limit per participant
100% of salary or $69K
Catch-up contributions (age 50+)
$7,500

Frequently asked questions

Why is a solo 401(k) beneficial for small businesses?
What solo plans do you offer?
How do both plans work?
Can non-owners join my plan?
What other major features do these include?
How can I get started?

Resources for solo 401(k)

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Solo 401(k)

Solo 401(k) Provider

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Solo 401(k)

Do Gig Workers Need a 401(k) Plan? The Answer is Yes!

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401(k) Plans
Solo 401(k)

401k Pricing Flat Fees vs Percentage Fees

Jumpstart your retirement journey today
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Have questions?   Talk to a Consultant