Beacon Capital Management Advisors is experienced in setting up Solo 401k plans for our clients and we have developed working relationships with many Solo 401k providers.

In general Solo 401k plans are broken down into 3 main groups and below are some of the defining features.

1) Solo 401k plans with one mutual fund family

• Choose from 20 to 40+ funds through one mutual fund family (i.e. Oppenheimer, American Funds, Pimco, Pioneer etc)
• Inexpensive – The administrative fees for Solo 401k plans vary depending on the Solo 401k provider, but the administrative costs can be as low as $0 to setup, $15 annual fee and $40 fee for a loan.
• Loans are available.
• Roth 401k contributions are available.

Clients select this type of Solo 401k plan because they like the simplicity and the low administrative fees. They feel one mutual fund family and 20 to 40 mutual fund choices is sufficient for their 401k. Clients may select this type of Solo 401k plan if they are interested in getting a 401k loan and want low administrative fees.

2) Solo 401k with multiple mutual fund families, ETFs and stock trading

• Choose from over 1,000 mutual funds and multiple mutual fund families
• Stock trading available.
• More expensive – Fees vary depending on the Solo 401k provider, but the administrative costs can be $275 to setup and $275 per year. Additional fees for stock trading and other administrative fees may apply.
• Loans are available.
• Roth 401k contributions are available.

Clients select this type of Solo 401k plan because they need a lot of investment flexibility and need the ability to choose from over 1,000 mutual funds, ETFs and do stock trading.

3) Solo 401k investing in real estate, tax liens, gold and alternative investments

• Can invest in real estate, tax liens, gold and other alternative investments.
• Very Expensive.

Clients select this plan because they want to invest in non-traditional investments. These plans are expensive and have other potential complications not found with other Solo 401k providers.

Complete the form below and we will provide you with more information. Please indicate what type of Solo 401k provider you are interested in.

Learn more about the benefits of the Solo 401k

• Solo 401k — Information, Rules and Frequently Asked Questions about the Solo 401k.
• Solo 401k Eligibility — Learn about the eligibility rules and find out who is eligible and who is ineligible to establish a Solo 401k plan.
• Solo 401k Contribution Limits — 2014 contribution limit of $52,000 and $57,500 if age 50 or older. View contribution limit examples for a sole proprietorship, partnership, LLC, S corporation and C corporation.
• Solo 401k Loan — A 401k loan up 50% of the total value of the 401k up to a maximum loan of $50,000 is permitted with a Solo 401k plan.
• Solo Roth 401k — There is an option to make Roth 401k contributions with the salary deferral portion of the Solo 401k. Contributions into a Roth 401k are not tax deductible, but withdrawals are tax free after age 59 ½.
• Solo 401k Rollover — You can rollover your 401k, 403b, 457, TSP and Defined Benefit Plan from a previous employer. You can also rollover a Traditional IRA, SEP IRA, Rollover IRA, SIMPLE IRA and Keogh plan.

How Can BCM Help You?

Beacon Capital Management Advisors (BCM) is experienced in setting up retirement plans for our clients. BCM provides retirement plans to the self employed, freelancers, entrepreneurs, independent contractors and small business owners and is registered in 50 States. Complete the form below and a BCM Advisor will promptly respond to your inquiry.

Disclosures:

*Information contained in these sections merely highlight some benefits. There are risks involved with all investments that could include tax penalties and risk/loss of principal.