Self-Employed 401(k)
A Self-Employed 401(k) plan, also known as an Individual 401(k) or Solo 401(k), allows individuals from owner-only businesses and partnerships to save for retirement.
The Self-Employed 401(k) plan is appropriate for a one-person business owner and his or her working spouse. This plan is not appropriate for a business that has, or that plans to add, any non-spouse employees.
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Who it's for |
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Key advantages |
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Who can contribute |
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2019 employee contribution limits |
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202- employee contribution limits |
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2019 employer contribution limits |
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2020 employer contribution limits |
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Administrative responsibilities |
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Access to assets |
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Plan setup deadlines |
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