Benefits of an Individual(k)

Individual(k) offers:
High contribution limits compared to IRAs
Tax advantages
Loan and Roth options
Low-cost setup
Simplified administration
Rollovers for account consolidation
Flexibility in investment platform
Support from a dedicated team

A faster, easier way to open an Individual(k)

Take a look at how our digital onboarding experience simplifies the process, making it more convenient from start to finish.

Explore the basics and beyond

Learn how Individual(k) plans work, who can participate, and what to consider when choosing a retirement plan.

Is an Individual(k) right for you?

Individual(k), also known as Solo 401(k), plans can offer big benefits to small businesses. Owners can contribute as both the employee and the employer, maximizing savings potential under one plan. 

An Individual(k) is ideal for1:

 

 

Ascensus Individual(k) plan options

Key Features

CoPilot 3(38)

Daily Value

Balance Forward

Recordkeeping and administration

 

 

 

Contribution, loan, and distribution processing

 

 

 

Onboarding support

 

 

 

Automated account access

 

 

Provided by broker dealer

Investment options

3(38) investment manager and fiduciary

Open architecture

Open architecture/opened through broker dealer

Participant statements

Delivered quarterly

Delivered quarterly

Delivered annually

READYSAVETM app

 

 

Not applicable

Getting started is simple

Ready to put an Individual(k) plan to work for your business? Complete the form below and take the first step toward easy-to-manage, tax-smart retirement savings.

 

1Ascensus data as of December 31, 2024 
2PLANSPONSOR. 2024 Defined Contribution (DC) Survey. February 2025. 
3With Intelligence. With Intelligence Mutual Fund & ETF Awards. June 2024. 
4PLANADVISER. 2023 Retirement Plan Adviser Survey. March 2024. 
5JD Power 2024 U.S. Retirement Plan Digital Experience Study. September 2024. 
 

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