Solo 401(k) Plans from Ubiquity are Affordable and Easy to Set Up

  • Only we have guaranteed flat fees - NO employee pricing % fees
  • #1 ranked 401(k) provider on Google¹
  • Vast investment options, including self-directed brokerage
  • Reduce your taxable income with Traditional or ROTH options
Solo 401(k) plans starting at $18/month

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Call toll-free 1-866-952-6015 or

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As a freelancer, sole proprietor, independent contractor, or entrepreneur, you can start reducing your taxable income right away with a solo 401(k) plan. Compared to IRAs, this plan allows you to set aside significantly more for retirement. It also permits you to borrow up to $50,000 from the balance and pay yourself back over the course of five years.

Solo 401(k) Benefits for You

You have the best of both worlds with a solo 401(k). You have the flexibility to contribute as much as you want from year-to-year (up to the standard limits), plus, you do not have to worry about limiting their salary deferrals based on failed nondiscrimination tests caused by employees with low savings rates. You also get all the benefits of a big business 401(k), like tax deductions and loans.

Solo 401(k) benefits:

Because there are no employees, plan administration is extremely low maintenance. There are no nondiscrimination tests and business owners are not required to file annual reports with the IRS until the plan reaches $250,000 in assets.

Smiling small business owner working on tablet.
“The customer service has been spectacular, and their ability to work with my team to educate them on the importance of retirement savings surpasses any other provider I've used. The team is amazing and their pricing and products are better than all the other providers I compared them against.”
- Jason Manuel, Razor Rank LLC
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Ubiquity is the #1 Ranked 401(k) Provider¹—
Highest Customer Satisfaction in the Industry

Provider

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Ubiquity

4.3/51

4.7/5

4.5/5

Why Get Your Solo 401(k) from Ubiquity:

  • Guaranteed flat fees – No employee pricing % fees

    — You could potentially end up with over $110,790 more money over 30 years2

  • #1 Ranked 401(k) provider on Google¹

— Saving for retirement is a long-term project, so choose a provider with 5 star Google Reviews

  • Best Compliance support

— We’re here to help make sure you’re on top of all your 401(k) filing requirements.

Solo 401(k) Contribution Limits

One of the most important benefits of a self-employed 401(k) is the large amount that can be contributed each year, tax-free.

2022 Limits

Salary deferral
contribution

$20,500

Profit sharing
contribution

Lesser of 25% of eligible compensation or $40,500 ($61,000 if no deferrals)

Annual limit per
participant

Lesser of 100% of income or $61,000

Catch-up contributions if age 50 or older

$6,500

Solo 401(k)

A solo 401(k) plan follows most of the same rules as a regular 401(k) plan, with a few exceptions.

Questions? Our experts are here to help

Pre-tax and Roth contributions

You have the option to make either pre-tax or post-tax Roth salary contributions. Pre-tax contributions are not included in income when calculating taxable income for the year. Taxes are paid on these amounts and any investment earnings when the person retires and starts taking distributions from their 401(k) plan. Post-tax Roth contributions are included in taxable income. These amounts are tax-free when distributed from the plan. Any investment earnings on the Roth contributions will also be distributed tax-free if the distribution falls under set qualifiers set by the IRS.

Eligibility requirements

Although solo 401(k) plans are not intended for businesses with employees, you may want to set eligibility requirements in the plan document in case you add employees at some future date. Care must be taken to not exclude yourself from the plan if selecting eligibility provisions.

Coverage and nondiscrimination tests

Because there are no rank and file employees, your plan is exempted from compliance tests designed to ensure that lower-paid employees receive a proportionate share of plan contributions. This simplifies plan operations and lowers administrative costs.

Reporting and disclosures

Solo 401(k) plans are not subject to most of the annual reporting and participant disclosure filing requirements that apply to 401(k) plans covering employees. Once solo 401(k) plan assets reach $250,000 or more, the owners must file a Form 5500-EZ, Annual Return of One-Participant (owners and their spouses) Retirement Plan with the IRS.

Ready to get started?

Call us today for a free, no-obligation small business 401(k) consultation:

1-866-952-6015

1 Google ratings are based on client reviews of Ubiquity Retirement + Savings products and services. Details on the methodology Google employs to calculate ratings can be found here. Rates currently displayed are as of September 30, 2022 and are based on reviews from 2014 through 2022.

2Calculations based on the following scenario: Jennifer and Joshua each have 401(k)s with a value of $50,000. Jennifer’s plan is with Ubiquity Retirement + Savings and her fees are flat $5/month. Joshua’s plan is with another 401(k) provider and his annual employee pricing fee is 0.5%.
Assuming they don’t contribute another penny to the account, and it grows an average of 10% every year, at the end of 30 years Jennifer’s account is worth $862,156, with fees of $1,800 with her Ubiquity 401(k). Joshua’s account is only worth $751,364, with fees of $38,831. Ubiquity’s flat fees could potentially help you end up with $110,792 more over 30 years vs. a competitor’s plan that charges percentage-based fees.

 

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44 Montgomery Street, Suite 3060
San Francisco, CA 94104
Support: 855.401.4357

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© 2022 Ubiquity Retirement + Savings
Privacy Policy
Do not sell my info
44 Montgomery Street, Suite 3060
San Francisco, CA 94104
Support: 855.401.4357

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