Solo 401(k) Services

Solo 401(k) Setup with Roth 401 (k) option:

Do you need retirement account for your business?

Our Solo 401(k) Package Includes:

  • Consultation on right retirement account for your business.
  • Setup your Solo 401(k) plan for your business
  • Create individual accounts for you and your spouse.
  • Setup proper asset allocation for your and your spouse accounts.
  • Setup Roth 401(k) option for you and your spouse if needed.

Fees for the above services:

The only fee you will pay is a one time fee of $995 for the above services.

The only fee charged by Vanguard is $20 per year for each Vanguard fund. No other fees from them.

Fees that you don’t pay:

  • We use only use no load Vanguard mutual funds. Vanguard mutual fund expense rations are 82% less than the industry average.
  • No asset management fee.
  • No load or 12b1 fees to us.
  • No monthly or annual fee.

Employer contributions:

Maximum employer contribution per eligible employee is $53,000 for the 2015 tax year. Maximum tax deductible employer contribution is 25% of compensation. Deductible as a business expense and not required every year.

Employee contributions

Either pre-tax or Roth employee deferral contributions can be made up to:

  • $18,000 for the 2015 tax year ($24,000 for employees age 50 or older).

Contributions can’t exceed 100% of compensation.

Total contributions

Employer plus employee contributions can’t exceed:

  • $53,000 for the 2015 tax year ($59,000 for employees age 50 or older)