Single(k) Plus®
For sole proprietors who want a solid retirement plan
and no worries about paperwork.

Only Ubiquity gives small business owners access to 401(k) experts who are focused solely on small business in addition to low, flat fees1. Let Ubiquity take care of your business’ retirement plan so you can focus on running your business and keeping your customers happy. 

General Questions

What is a solo 401(k)?

About Single(k) Plus®

What is a Single(k)®?
How does Single(k)® work?
How do I set up and manage my Single(k)® plan?


How much can I save in Single(k)®?
Does the catch-up contribution apply to me?
If two people are in a Single(k)® plan, do both have to contribute?
What is the maximum profit-sharing contribution that can be made to a participant’s account?
Can I make after-tax contributions?


Is there a deadline to establish a Single(k)® plan this year?
Is there a deadline to fund a Single(k)® plan?


Can I sign up for a Single(k)® if my business has employees?
Can a business partner who is not related to me take advantage of a Single(k)®?
Can a spouse who works with me participate in a Single(k)®?
What happens if I hire one or several full-time employees?

Hardship Withdrawals

What is a hardship withdrawal?
Can I take a hardship withdrawal from my 401(k) plan?
What documentation is required?
What are the tax consequences of taking a hardship withdrawal?


What can I invest in?


Can I borrow against my Single(k)® assets?
How much can I borrow?
Are there any associated fees with taking a loan out from my retirement account?
How long does it take to process a loan?


Do I have to sell my investments in my IRA or previous 401(k) to roll them over to a Single(k)®?
How long do I have to roll my previous retirement accounts into my new Single(k)® plan?
Can I roll over my current retirement plan into the Single(k)® account?

Roth 401(k)

What is a Roth 401(k)?
Do I need to establish a separate account for my Roth contributions?
Can my plan offer only Roth contributions?
Can distributions from a Roth account be rolled over?
Do Roth contributions need to be reported separately from wages, tips, and other compensation on the Form W-2?
Do I have any recordkeeping or reporting obligations with Single(k)®?
If I start making designated Roth contributions at the beginning of the year and later change my mind, can they be re-categorized and transferred from my Roth account to my traditional, pre-tax account?
Can my Roth contributions be made to my pre-tax account?
How much may I contribute to my Roth account?
Can I make both pre-tax contributions and Roth (after-tax) contributions in the same year?


What if I want to terminate my account?
What do Ubiquity’s termination services include?

Getting Started

Can I set up my Single(k)® in the name of a revocable living trust?
Can I set up automatic payments to my Single(k)®?
Do I need an Employer Identification Number (EIN)?
How long until my account is set up and ready to be funded?

Ubiquity is not a registered investment advisor, and the information provided herein should not be considered legal or tax advice. We recommend consulting with your financial planner, attorney, and/or tax advisor for personalized advice.

Please refer to Important Information for details.

© 2023 Ubiquity Retirement + Savings
Privacy Policy
44 Montgomery Street, Suite 300
San Francisco, CA 94104

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© 2023 Ubiquity Retirement + Savings
Privacy Policy
44 Montgomery Street, Suite 300
San Francisco, CA 94104