Self-Directed Solo 401k Plan

Take advantage of this plan’s generous contribution limits to save quickly and reduce taxes.

Quick facts

Business owner with no full-time employees, or that person and his or her spouse.

The business owner wears two hats in a solo 401k plan: employee and employer. Contributions can be made to the plan in both capacities. Total contributions to a participant’s account, not counting catch-up contributions for those age 50 and over, cannot exceed $61,000 for 2022.

Investment Options
Because you are the trustee of the plan, you can invest in alternative investments such as real estate, notes, tax liens, metals and private equity. Of course, you can also continue investing in equities if you so choose too.

This Solo 401k plan allows for personal loans. This is essential for growing companies. The maximum amount that the plan can permit as a loan is (1) the greater of $10,000 or 50% of your vested account balance, or (2) $50,000, whichever is less. For example, if a participant has an account balance of $80,000, the maximum amount that he or she can borrow from the account is $40,000

Bank/Brokerage Account/Checkbook Control
You can choose your bank to establish a checking account for your Solo 401k, which will be used to make all alternative investment purchases (e.g., real estate, private investments, private loans, etc.) by simply writing a check. Alternatively, we can also help you open a brokerage account with checkbook control at Fidelity Investments or Schwab  which is ideal for those who want to continue investing in equities.

Earned income  from self-employment from a business in which your services materially helped to produce the income. Self­-employment can include part-­time work.

Account service fees
For pricing, click here.

Why choose My Solo 401k Financial

We make it easy

We have been in business since 2009.  Our team is led by our Founder/Compliance Officer Mark Nolan and George Blower (attorney, Harvard Law).  Mark has over 20 years experience in the industry and together they have over 30 years of experience.  We have helped thousands of individuals take control of their retirement accounts.

Pristine reputation

The entire My Solo 401k Financial team works very hard to maintain our Pristine Reputation with no negative reviews! We are grateful that our customers and others have recognized our experience, expertise & customer service in selecting us over other options that are available to them. We have received “5-Star” & “A plus” ratings from the Better Business Bureau (BBB) and have never received a single customer complaint served against us as confirmed by the BBB.

Customer Service-we make it easy

We emphasize education and full-service so you feel confident and at ease with your retirement savings.

We are here to help

We can provide all the help you need to set up our checkbook control solo 401k plan. Call us at 800-489-7571.