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Individual 401k

401(k) For the One Man Shop

401(k) For the One Man Shop

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. 

Contribution Limits 

Contribution Limits 

The contribution limits for a Individual(k) are the same as a normal 401(k).

  • Employee under 50 (Starting 2024)
    • Employee can contribute up to $23,000
    • Employer can contribute up to $46,000
  • Employee Over 50 (Starting 2024)
    • Employee can contribute up to $30,500
What if your business grows?

What if your business grows?

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.