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How does Single(k) work?

The Single(k) retirement plan combines the convenience of 401(k) payroll deductions with the flexibility of a profit-sharing plan.

With Single(k), you can set aside pre-tax or Roth (after-tax) money and also make a profit-sharing contribution if you so choose, allowing you to save up to [contribution_total_individual() {] in 2017 ([contribution_total_individual_50_or_older() {] if you are age 50 or older), You won’t pay taxes on your pre-tax savings or their earnings until you withdraw the money at retirement.

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