What is a Solo 401k Anyway? - Retygo.com

A Solo 401k plan is a Qualified Plan defined by Section 401(a) of the Internal Revenue Code and is encouraged by the IRS for the gig economy and owner-only businesses to save for retirement. Other aliases: Individual 401k, Self-employed 401k, One-participant 401k

The plan was created for self-employed workers and their spouse to participate. Whether you are an independent contractor, freelancer, gig worker, or otherwise in a business for yourself, this is the best tax-advantaged retirement vehicle for you.

  • Sole Proprietors
  • Partnerships
  • Single-member LLC
  • Multi-member LLC
  • PLLC
  • S Corp
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