Solo 401k Providers

Beacon Capital Management Advisors is experienced in setting up Solo 401k plans for our clients and we have developed working relationships with many Solo 401k providers.

In general Solo 401k plans are broken down into 3 main groups and below are some of the defining features.

1) Solo 401k plans with one mutual fund family

Choose from 20 to 40+ funds through one mutual fund family (i.e. Oppenheimer, American Funds, Pimco, Pioneer etc)
Inexpensive – The administrative fees for Solo 401k plans vary depending on the Solo 401k provider, but the administrative costs can be as low as $0 to setup and $15 annual fee. There is a $40 fee for a loan.
Loans are available
Roth 401k contributions are available

Clients select this type of Solo 401k plan because they like the simplicity and the low administrative fees. They feel one mutual fund family and 20 to 40 mutual fund choices is sufficient for their 401k.

2) Solo 401k with multiple mutual fund families and stock trading

Choose from over 1,000 mutual funds and multiple mutual fund families
Stock trading available.
More expensive – Fees vary depending on the Solo 401k provider, but the administrative costs can be $275 to setup and $275 per year. Additional fees for stock trading and other administrative fees may apply.

Clients select this type of Solo 401k plan because they want a lot of investment flexibility. Loans and Roth contributions are also available with these plans.

3) Solo 401k investing in real estate and other alternative investments

Can invest in real estate and other alternative investments
Very Expensive

Clients select this plan because they want to invest in non-traditional investments. These plans are expensive and have other potential complications not found with other Solo 401k providers.

How Can BCM Help You?

Beacon Capital Management Advisors (BCM) is experienced in setting up retirement plans for our clients. BCM provides retirement plans to the self employed, freelancers, entrepreneurs, independent contractors and small business owners and is registered in 50 States. Complete the form below and a BCM Advisor will promptly respond to your inquiry.

Disclosures:

*The information on this page is for informational purposes only and does not constitute, and should not be construed as, professional, legal or tax advice. To determine your individual tax situation and specific needs, please consult a professional tax advisor.

*Information contained in these sections merely highlight some benefits. There are risks involved with all investments that could include tax penalties and risk/loss of principal.

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