A Big Plan for a Small Business
Individual(k) is an easy-to-implement and cost-effective plan to help self-employed individuals maximize retirement savings.
Individual(k) provides business owners1with the same advantages of larger 401(k) plans—without the extensive administrative responsibilities, complex discrimination tests, and associated costs. You have the flexibility to choose from two options to meet your clients’ needs.
Daily valued plans (Commission-based, fee-based, and level-commission)
Investments – Open architecture investment platform with access to thousands of funds
Automated account access – Dedicated website and toll-free Interactive Voice Response System with account management tools
Account statements – Delivered quarterly
Ideal for – Individuals who prefer to have control over their account and immediate access to balances and information through a plan website
Non-daily valued plans (Balance forward)
Investments – Allows your clients to open an account through your broker-dealer
Automated account access – Provided by your broker-dealer
Account statements – Delivered annually
Ideal for – Individuals who prefer to work with a financial advisor who can select and oversee investments and transactions
Individual(k) is a trademark of Ascensus, LLC.