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Best Solo 401(k) Companies for April 2025


Published on 2025-03-31 13:21:50 - Investopedia
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  • Investopedia researched the best solo 401(k) accounts, analyzing features like investable assets, costs, customer support, and more, to help readers find the best option to suit their needs.

The article from Investopedia discusses the best Solo 401(k) companies for self-employed individuals or small business owners without full-time employees. It highlights that Solo 401(k)s allow for higher contribution limits compared to traditional IRAs, offering both Roth and pre-tax options. The article lists several top providers:

  • Fidelity: Known for its low fees, wide range of investment options, and excellent customer service, though it lacks a mobile app for Solo 401(k) management.

  • Charles Schwab: Offers a user-friendly platform, no account fees, and a vast selection of investment choices, but it does not provide a Roth option for Solo 401(k).

  • Vanguard: Praised for its low-cost index funds, though it has a $1,000 minimum investment requirement and fewer investment options compared to others.

  • TD Ameritrade: Features a robust trading platform with extensive research tools, but it has higher fees for some services.

  • E*TRADE: Provides a straightforward setup process and good customer support, but its fees can be higher, and it has fewer investment options.

  • Betterment: A robo-advisor offering automated investment management with low fees, though it has limited customization for investment choices.

    The article emphasizes the importance of considering fees, investment options, customer service, and ease of use when choosing a provider for a Solo 401(k).

    Read the Full Investopedia Article at:
    [ https://www.investopedia.com/the-best-solo-401k-companies-11705501 ]
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