Save up to $56,000 per year tax-deferred with an Owner-Only 401(k)

Any size business can offer a 401(k) plan—even the self-employed!

Best for...

Best for Sole Proprietors, S Corp, LLC, C Corp or other owner-only businesses who want to maximize their personal contributions.

Businesses with spouses and/or multiple owners qualify.

Owner contribution levels

As both the employer and employee of an individual 401(k), you can contribute and profit share up to $56,000 tax deferred ($62,000 if age 50 or over) in 2019. That may even drop you a tax bracket!

  • $19,000 ($25,000 if age 50 or over) individual contribution
  • $56,000 ($62,000 if age 50 or over) with maximum profit sharing
Setup The purchase and setup process for all Spark 401(k) plans is 100% online. Once plan design is complete, plans are typically ready to go in a week to begin making contributions.
Administration Make lump sum contributions at your convenience, or set up automatic contributions to pay yourself first.
Roth 401k The Roth feature provides participants with the option to make standard, tax-deferred contributions, after-tax contributions into the Roth feature, or both. Unlike a Roth IRA, there is no income limit to choose to contribute towards the Roth 401(k).
Loans Participants can borrow up to 50% of their balance, not to exceed $50,000

Have questions? Please give us a call at 800-431-7934 option 1. We’re here to help you get the right plan and features for your business.