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Maximize Retirement Savings with a Solo 401(k) Plan

A Solo 401(k) plan gives self-employed individuals and small business owners the ability to save more for retirement than an IRA —with higher contribution limits, flexible investment options, and full control over funds.

Open Account
Schedule a Consultation

Maximize Retirement Savings with a Solo 401(k) Plan

A Solo 401(k) plan gives self-employed individuals and small business owners the ability to save more for retirement than an IRA —with higher contribution limits, flexible investment options, and full control over funds.

Open Account
Schedule a Consultation

What is a Solo 401(k)?

A Solo 401(k), also known as an Individual 401(k), is a retirement savings plan designed specifically for self-employed individuals and small business owners with no full-time employees other than themselves, their spouse or other business owners. This plan allows for both employer and employee contributions, enabling higher annual contribution limits compared to other retirement plans. A Solo 401(k) can also offer a Roth option, loan provisions, and the ability to invest in a wide range of assets, including stocks, real estate, and precious metals through the self-directed structure. It’s a powerful tool for maximizing retirement savings while maintaining flexibility and control.

Why Choose Us as Your Solo 401(k) Provider?

IRA Financial is a specialized Solo 401(k) provider. When you choose us to manage your Solo 401(k), you get expert support, low fees, and a seamless setup process to help you build wealth in a tax-efficient way.

No Hidden Fees

Flat, transparent pricing with no asset-based costs.

Expert Support

Live chat available 8AM–6PM Central Time.

Industry Expertise

Led by Solo 401(k)  specialists.

24,000+ Clients

Serving investors in all 50 states.

Checkbook Control

Invest without custodian approval.

Dedicated Focus

100% Self-Directed Retirement solutions.

Trustpilot

Solo 401(k)

  • No asset value, transaction, or asset purchase fees
  • Free Solo 401(k) plan document updates as required
  • Free Solo 401(k) plan tax and consulting services
  • Free preparation and filing of IRS Form 5500-EZ
  • Borrow up to $50,000 tax free
  • Mega Backdoor Roth option included
  • Guaranteed IRA audit protection.

Pricing Details

$999

setup fee

$399

annually

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Download Fee Schedule

How to Start a Solo 401(k) Plan

Setting up a Solo 401(k) account is straightforward. Follow these steps to set up your plan and begin investing.

Open an account

Step 1

Start by opening a new Solo 401(k) account with us here.

Get your Solo 401(k) account number

Step 2

Once approved, you’ll receive your Solo 401(k) account number to move forward.

Fund your account

Step 3

Transfer, roll over, or contribute funds directly to your 401(k) to start investing.

The Benefits of a Solo 401(k)

    Better tax advantages

    You can choose between two different Solo 401(k) plans:

    • Traditional Solo 401(k) → Tax-deferred growth with pre-tax contributions (pay taxes later).
    • Roth Solo 401(k) → Tax-free growth with after-tax contributions (pay taxes now, withdraw tax-free).

    Loan opportunities

    A Solo 401(k) lets you borrow up to $50,000 (or 50% of your account balance, whichever is lower) tax and penalty free.

    Higher contribution limits

    With a $70,000 limit ($77,500 if age 50+ or $81,250 between the ages of 60 & 63), you can save more each year than with a Self-Directed IRA or SEP IRA.

    Broader investment choices

    Move beyond stocks and bonds to invest in alternative assets like real estate, cryptocurrency, private equity, precious metals, and more, expanding your opportunities for growth.

    Choose where and how to invest without relying on traditional brokerage firms, giving you full authority over your portfolio.

    Direct investment control

    Act quickly on investment opportunities with streamlined execution, reducing delays that can impact returns.

    Creditor protection

    Solo 401(k) funds are protected under ERISA, making them safer from creditors than many other accounts.

    Our Solo 401(k) vs Other Providers

    Many Solo 401(k) providers charge asset-based fees, limit investment choices, or don’t offer full checkbook control. We provide a flat-fee plan with full investment flexibility.

    IRA Financial Other Providers
    Flat Annual Fee
    $0 Account & Transaction Fees
    $0 Admin & Processing Fees
    Expert-Guided Investments
    Guaranteed IRS Audit Protection
    Annual Tax Consulting
    Annual Reporting & Filing Service

    Book a Consultation

    Schedule a free consultation with a member of our team to explore how opening a self-directed retirement account can unlock your ability to invest tax-free in a variety of alternative assets.

    Let’s Talk!

    See What Our Clients Have to Say

    I’m beyond pleased with having my self-directed IRA in your teams capable hands. In a few short months, it’s already proving to be a solid retirement investment vehicle. The fees are insignificant compared to the value. Many thanks.

    Ann M. C.

    Illinois

    The process of setting up my self-directed IRA was quick and painless. There were a lot of forms to be completed, but the customer service at IRA Financial Group is great and they are very quick to respond. I was able to complete my set up quickly and get my funds transferred very quickly. Thanks!

    Christy

    Virginia

    I am extremely pleased with the service and professionalism provided by the IRA Financial Group. I don’t think you can find a better firm to handled Self Directed IRA accounts. Keep up the great work and I will always do business with you.

    Owen S.

    Texas

    IRA Financial Group was invaluable in setting up my account. They explained all of the details involved with the process and made the entire evolution simple and efficient. If someone is considering a self-directed IRA, IRA Financial Group is the clear choice.

    Michael J.

    Utah

    What Alternative Assets Can You Invest in with a Solo 401(k) Plan?

    A Solo 401(k) account gives you the flexibility to invest beyond traditional stocks and mutual funds, allowing for greater growth potential.

    Real Estate

    Residential, commercial, raw land, and rental properties.

    Learn More

    Cryptocurrency

    Bitcoin, Ethereum, and other digital assets.

    Learn More

    Precious Metals

    Gold, silver, and other IRS-approved metals.

    Learn More

    Tax Liens & Deeds

    Acquire property liens for potential returns.

    Learn More

    Private Equity

    Invest in startups, private companies, and venture capital.

    Learn More

    Private Placements

    Invest in a non-public company through the sale of securities.

    Learn More

    Solo 401(k) FAQs

    Got questions? We’ve got answers. Below are the most common questions about Solo 401(k) plans, including eligibility, contributions, investment options, and tax benefits.

    What is a Solo 401(k)?

    A Solo 401(k) is a retirement plan for self-employed individuals and business owners with no full-time employees. It offers:

    • The ability to take a $50,000 tax-free loan
    • Higher contribution limits than IRAs ($70,000 for 2025 or $77,500 if 50+).
    • Pre-tax (Traditional) or after-tax (Roth) contribution options.
    • Checkbook control, allowing you to invest without custodian approval.

    To be eligible for a Solo 401(k), you must:

    • Be self-employed or own a business with no full-time employees.
    • Have self-employment income (freelancer, contractor, business owner, etc.).

    For 2025, the total contribution limit is:

    • $70,000 if under 50
    • $77,500 if 50+
    • $81,250 between 60 and 63

    This includes both employee deferrals (up to $23,500) and employer profit-sharing contributions (up to 25% of compensation).

    With checkbook control, you can invest in:

    •  Real Estate – Buy rental properties, raw land, or commercial real estate.
    • Cryptocurrency – Invest in Bitcoin, Ethereum, and other digital assets
    • Private Equity – Fund startups, private businesses, or venture capital
    • Tax Liens & Deeds – Purchase tax lien certificates for potential returns.
    • Precious Metals – Buy IRS-approved gold, silver, and platinum.

    Prohibited investments include collectibles and transactions with disqualified persons (e.g., yourself, family members).

    Yes! A Solo 401(k) loan allows you to borrow:

    •  Up to $50,000 (or 50% of your balance, whichever is lower)
    • Tax-free and penalty-free
    • Must be repaid within 5 years

    This is a huge advantage over an IRA, which does not allow loans.

    Yes, you must take required minimum distributions from a traditional Solo 401(k) starting at age 73, even if you’re still working. Beginning in 2024, you do NOT need to take RMDs from a Roth 401(k) during your lifetime.

    Ready to plan for your future?

    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.

    Open Account

    Ready to plan for your future?

    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.

    Open Account

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