Our one-of-a-kind online platform includes premium recordkeeping features to help you follow plan rules— it's super easy to use. Here are a few of the many benefits it offers:
Our platform helps you track your plan's debits and credits. It will also segregate the distinct types of contributions, allocating the funds in the proper plan sources. This keeps your plan compliant with IRS rules. This is something that no other platform can do.
With your IRAR Solo 401(k) comes an incredible array of additional tools to help you grow.
You will get reminders for the tax filing deadline and updates regarding your plan type.
Total contributions to a participant’s account, not counting catch-up contributions (50 or older), may not exceed the maximum allowed for the tax year. The maximum is the lesser of 25% of an employee's compensation up to the maximum limit of $61,000 in 2022 and $66,000 in 2023. Employees and employer contributions combined may not exceed this limit.
The maximum employee contribution from employment income is $20,500 in 2022 and $22,500 in 2023 with an additional catch-up of $6,500 if over age 50 in 2022 and $7,500 in 2023.This is all tracked and calculated by our platform.
Investments are fully self-directed which means you choose the investments you want in your plan. These can include alternative assets not usually available through most solo (k) providers or retirement account administrators. Like in any other retirement account, all assets have a tax advantaged status.
Here are some of the many assets allowed in our self-directed Solo 401(k):
The contribution calculator makes it easy for 401(k) plan participants to know how much you can contribute based on your role and how much you earn. So, let's get started and take a look!
Regular distributions start at age 59 1/2 but when you reach 73, you will need to start taking an annual RMD. This calculator will help you figure out the exact amount of your RMD - it's super easy and helpful!
If you accidentally put in too much to your solo 401(k) plan, don't worry. We've got a handy calculator to help you figure out the earnings or loss associated with the extra money you contributed. No need to stress!
If you're taking out a loan from your plan, this calculator can help! It will figure out your available loan balance, let you choose how often you make payments, and provide an amortization schedule that your employer will approve.
Get access to senior retirement experts who can answer all your burning questions.
Tap into a professional network that understands self-directed retirement, estate planning, and more.
Store your plan-related documents, agreements, contracts, receipts, expenses, and more.
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