The Solo 401(k) is a powerful retirement savings option designed specifically for self-employed individuals or business owners with no full-time employees (other than a spouse).
It allows the individual to contribute as both the employee and employer, offering a much higher contribution limit compared to other retirement plans and significant tax advantages.
Why Consider a Solo 401(k):
- Maximize Retirement Savings
Contribute up to $77,500 (includes $7,500 catch-up) in 2025 through employee deferrals and employer contributions.
- Customization
The flexibility to contribute pre-tax and/or Roth deferrals.
- Tax Credits and Advantages
Receive a $500 tax credit for three years with automatic enrollment.
- Easy Plan Administration
Plans with under $250,000 in assets are not required to file a Form 5500. When that changes, Trinity handles the filing and signing at no additional cost.
Who Qualifies:
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- Applicable to sole proprietorships, s-corps, LLCs, and partnerships subject to ERISA rules.
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- Self-employment income with no full-time employees (except for spouse).
Partner with a Specialist:
At Trinity Pension Consultants, we specialize in helping business owners and Financial Advisors navigate the retirement plan landscape with clarity. Our credentialed team and in-house actuaries design every plan to meet the specific needs of the employer and ensure full compliance with the DOL and IRS.
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Trinity Pension Consultants