California Solo 401k Plan

The first 401k plan was offered as a result of the Employment Retirement Income Act 1974 (ERISA). A California Solo 401k, just like all 401ks, is approved by the IRS, not the state of California.

While all 401ks are for those employed to save for retirement, a solo 401k is for the self-employed with no full-time employees. Commonly both spouses participate in the Solo 401k or both business partners since solo 401k is for owner-only businesses with no full-time W-2 common-law employees.

California Solo 401k Plan Highlights

Shielded in bankruptcy. A solo 401k or self-directed 401k is afforded bankruptcy protection (The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005)

Limited creditor protection: Solo 401k plans are afforded some creditor protection in California; only to the extent necessary for retirement support of the debtor, spouse and dependents. Child, family or spousal support judgments are not exempt. Cal. Civ. Proc. Sec. 704.115


Approved by IRS: Ultimately all 401ks including solo 401k  plans are approved by the IRS through the issuance of an IRS Determination Letter.

Solo 401k Checkbook Control: You are the named trustee of the solo 401k plan.  The solo 401k plan document allow  for investing in both equities (mutual funds and stocks), and alternative investments (real estate, notes, precious metals, tax liens, private business, etc.) by writing checks,. We assist you in opening the bank account for the solo 401k at your local bank or credit union in California.


Additional Information:

Click on IRS Solo 401k

Click on Ameritrade Solo 401k

​Click on Schwab Solo 401k

​Click on Fidelity Solo 401k

Click on Solo 401k Checkbook Control

Click on Solo 401k Real Estate

​Click on Solo 401k non-recourse loan

​Click on Gold Solo 401k

​Click on What is a Solo 401k

SOLO 401(K)