Solo or Individual(k) accounts provide one person businesses and their spouses the ability to invest for retirement. Similar to a corporate 401(k), both the business and the employee are able to contribute to the plan.
Opening a Solo 401(k) through our custodian Pershing allows access to ETFs, mutual funds individual stocks and more.
The contribution limits for a Individual(k) are the same as a normal 401(k).
Compass is here to help you expand your retirement account to include your first employees. With a number of 401k partners we can establish a plan that meets your company's needs while staying compliance.