Solo 401(k) Plan
The best retirement plan for the self-employed
- Ideal for professionals, consultants, gig workers, real estate agents, truck drivers, and more!
- IRA Financial opens your Solo 401(k) bank account, and includes our IRS compliance service
- Save more with the highest retirement plan contribution limits around
- No account value fees, account management fees, or minimum balance (with credit card on file).
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Why Go Solo?
Diversification
By self-directing your Solo 401(k) with IRA Financial, you can invest in almost anything you want including real estate, precious metals, cryptos, private businesses and so much more.
Borrow up to $50,000
By utilizing the loan feature, you may borrow up to $50,000 or 50% of your account balance (whichever is less) to use tax- and penalty-free for any purpose.
High Contribution Limits
The Solo 401(k) plan offers an individual the ability to save up to $70,000 or $77,500 if you are at least age 50 in 2025, more than other retirement plan out there.
Easy Administration
There is little administrative work to do with the plan - Form 5500-EZ, an information report, is only required once your plan assets total more than $250,000.
Eligibility Requirements
Limitless Investment Opportunities
Roth or Traditional
The Solo 401(k) Process
Complete your application
Once completed, it will go into a queue to be reviewed (generally, 3-5 days).
Application is reviewed
Your application is reviewed to ensure everything is filled out correctly
Account number assigned
Once you application is approved, an account number is assigned and emailed to you (an additional 3-5 days).
Fund your account
You can now fund your Solo 401(k) via transfer, rollover, or direct contribution.
Start investing
Once your 401(k) is funded, you can begin making investments!
The IRA Financial Difference
24,000+ clients
Our tax and ERISA experts have helped over 24,000 clients in all 50 states.
No hidden fees
No transaction or asset value fees. No minimum balance requirement (with credit card on file).
Serve as your custodian
IRA Financial holds over $3.2 Billion in alternative assets.
Expertise
IRA Financial’s founder, Adam Bergman, is the author of nine books on self-directed retirement.
Dedicated support
Get direct access to a self-directed retirement expert to establish your Solo 401(k) plan.
Technology
Use our app to setup and maintain your account.
