Specifically designed for small business owners or self-employed individuals with no full-time employees.
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We’ve been an industry leader in self-directed retirement since 2010, helping over 25,000 clients save money on taxes and grow their retirement portfolios.
Leverage our deep industry knowledge to make informed investment decisions.
You decide where your money goes. Invest in alternative assets including businesses, real estate, precious metals, crypto, and more.
Our services are fully compliant with financial regulations, giving you peace of mind.
| IRA Financial | Other Providers | |
|---|---|---|
| Flat Annual Fee | Yes | No |
| $0 Investment Fee | Yes | Yes |
| $0 Asset Valuation Fee | Yes | No |
| $0 Roth Conversion Fee | Yes | No |
| Guaranteed IRS Audit Protection | Yes | Yes |
| Annual Tax Consulting | Yes | No |
| Annual Reporting & Filing Service | Yes | No |
Get started in minutes with our simple online application.
We’ll guide you through setting up your 401(k) account.
Transfer funds to your account and start investing in your future.
Best retirement plan if you are self-employed. Enjoy high annual contributions, Roth and loan features, and unlimited investment opportunities.
Pricing: $999 setup fee, $399 annually
With a custodian-controlled IRA, you tell us the investments you want to make, and we’ll do all the work. Invest in traditional and alternative assets, like real estate.
Pricing: $0 setup fee, $495 annually
By utilizing the IRA LLC structure, you have total “checkbook control” to make investments when you want, without custodial consent.
Pricing: $999 setup fee, $495 annually
With the all-new IRAfi Crypto™ trading app, you can now buy, sell, and trade the most popular cryptos, including Bitcoin, Ether, and XRP, for a low, annual fee of just $100.
Pricing: $0 setup fee, $100 annually, 1% fee per trade
An IRS-approved structure that allows you to use retirement funds to start your own business or raise capital for an existing business.
Pricing: Starting at $3,500 setup fee, $1,200 annually
The IRS only describes what types of investments you cannot make with a Solo 401(k). These include collectibles, such as art, and any transaction that involves a disqualified person. Note: Unlike an IRA, you can invest 401(k) funds in life insurance (on a limited basis).
Maximum Contribution limits for a Solo 401(k) plan are as follows:
To be eligible for a Solo 401(k) plan, you must meet two eligibility requirements: the presence of self-employment activity and the absence of full-time employees. Solo 401(k) eligibility includes the presence of “self-employment activity.” This generally refers to the ownership and operation of: A sole proprietorship, Limited Liability Company (LLC), C Corporation, S Corporations and Limited Partnership where the business intends to generate revenue for profit and make significant contributions to the plan.
Self-employment activity can be part time, and it can be ancillary to full time employment elsewhere. A person can even participate in an employer’s 401(k) plan in tandem with their own Roth 401(k) retirement plan. In such a case, the employee elective deferrals from both plans are subject to the single contribution limit. There are no established thresholds for: profit the business must generate, how much money must be contributed to the plan, when and how quickly the profits and contributions must occur
Unlike a regular 401(k) plan, a Solo 401(k) retirement plan can be implemented only by self-employed individuals or small business owners with no other full-time employees. Additionally, they must not be employed by any business owned by them or their spouse. An exception applies if your full-time employee is your spouse. The business owner and their spouse are technically considered “owner-employees” rather than “employees”.
In order to maintain Solo 401(k) eligibility, the following types of employees may be generally excluded from coverage: employees under 21 years of age, employees that work less than 1,000 hours annually, union employees, nonresident alien employees
Do you have full-time employees aged 21 or older (other than your spouse)? Do your part-time employees work more than 1,000 hours a year? If yes, you must typically include them in any plan you set up. However, a business eligible for the plan can have part time employees and independent contractors.
*Did you know that individuals who participate in the Gig economy are eligible for a Solo 401(k)? Learn more about different side-jobs individuals can do to open a Solo 401(k).
Many individuals open a Solo 401(k) to save for retirement. Some individuals have traditional jobs and pay into a regular 401(k) or IRA and a Solo 401(k). One of the benefits of opening a Solo 401(k) is the ability to save more! Employer sponsored 401(k)’s are limited by lower annual contributions. Individuals can open a Solo 401(k) to put more money away and diversify their retirement portfolios. Furthermore, opening a Self-Directed Solo 401(k) will allow you to invest in traditional and alternative investments. With IRA Finacial’s Solo 401(k) plan, you can invest in stocks, bonds, and mutual funds. In addition, you can invest in alternative investments to help diversify your portfolio. Popular alternative assets include: Real Estate, Bitcoin, Foreign Currencies, Gold and Precious Metals, Privately Owned Companies/Pre IP Companies, and Traditional Investments including Stocks and Bonds.
There are countless opportunities to diversify your retirement account with a Solo 401(k). While some of the investments you can make are listed above, the options are endless. Instead, with a Solo 401(k) there are only three things you cannot invest in. Best of all, you can open a Self-Directed Solo 401(k) without every stepping foot in the bank.
IRA Financial Group is the only company where you can set up a Solo 401(K) directly from our mobile app. That means you can do everything from our app, set up and account, fund the account, invest, and establish a Solo 401(k). It’s very simple to set up. All you need to do is set up an account with IRA Financial, roll over funds into your new Solo 401(k) account or make an initial contribution. And then as trustee, you’ll have checkbook control so you can make alternative assets like real estate or even traditional investments like stock directly from your account. IRA Financial is the only Solo 401(k) custodian that has a special relationship with Capital One. You’re able to open the account directly from our app, never leave your house, no need to ever go to a bank.
Take control of your retirement by investing in alternative assets like real estate, cryptocurrency, businesses, and more. Start creating wealth today by opening an account.