Individual & Roth Individual 401(k) Plans

Retirement investing for the self-employed
  • For self-employed workers and their spouses to maximize retirement savings
  • Generous contribution limits and simple administration
  • Tax-deferred growth potential
  • Choose a traditional individual 401(k), a Roth 401(k), or both
  • Use the Small Business Selector to find a plan

Contribution limits
(under age 50)

Up to $53,000/year in 2016 ($54,000 in 2017) annual contributions, or 100% of compensation, whichever is less

Contribution limits
(age 50 or over)

Up to $59,000/year in 2016 ($60,000 in 2017) annual contributions, or 100% of compensation, whichever is less

 

 

Features of an Individual 401(k)

Low cost and easy administration - image

Eligibility information

Available for self-employed individuals with no additional employees other than a spouse, deadline to establish account is December 31

Generous contribution limits - image

Generous contribution limits

Maximize retirement savings through salary deferral and profit-sharing contributions

Ability to borrow against your retirement assets - image

Ability to borrow against retirement assets

Loans are available from an Individual or Roth Individual 401(k) account

Automatic Investing Plan - Image

Minimal administrative requirements

IRS Form 5500 filing is generally not required until the account value reaches $250,000

$

Get up to $600 plus 60 days of commission-free trades for deposits of $10k or more.1 How it works

$

Get up to $600 plus 60 days of commission-free trades for deposits of $10k or more.1 How it works

Explore similar accounts

SEP IRA

Plan for small businesses & self-employed individuals

For small business owners or self-employed people, the Simplified Employee Pension IRA may be a low-cost path to tax-deferred retirement savings.

Learn more

SIMPLE IRA

A retirement plan similar to a 401(k)

A SIMPLE IRA is an easy, inexpensive plan for businesses with less than 100 employees.

Learn more

Profit-Sharing Plan

A flexible plan for small businesses

This plan lets small business employers make discretionary deductible contributions to their employees' retirement savings.

Learn more