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Individual 401(k) Plan

Overview

Be a small business that offers big benefits.

Long to have the retirement plan of large businesses? 401(k) plans are also available for small employers and independent contractors. SEFCU Wealth Management Services* offers access to Individual 401(k) plans specifically designed for owner-only businesses and companies with very few employees.

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Affordable start-up and maintenance costs

Features & Benefits

Not only do Individual 401(k) plans offer tax-deferred growth, they also provide:

  • Higher contribution limits. Compared with other retirement plans, Individual 401(k) plans may allow you to make greater contributions at identical income levels, maximizing retirement contributions and tax deductions.
  • Flexible contribution amounts. You can increase or decrease contributions each year, depending on the profitability of your business. For the most part, it’s up to you.
  • Affordable start-up and maintenance costs. An Individual 401(k) plan is easy and inexpensive to maintain.
  • Asset consolidation. You can consolidate all of your retirement assets — from IRAs, SEP plans, other 401(k) plans, SIMPLE IRAs, Defined Benefit Plans, 403(b) plans, and Rollover IRAs — into your Individual 401(k) account.
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Individual 401(k) Plan

For owners and employees

Higher contribution limits

Flexible contribution amounts

 

View 401(k)s

* Securities and financial planning offered through LPL Financial, a registered investment advisor, member FINRA/SIPC. Insurance products offered through LPL Financial or its licensed affiliates. SEFCU and SEFCU Wealth Management Services are not registered broker/dealers and are not affiliated with LPL Financial.
The LPL Financial representatives associated with this Website may discuss and/or transact securities business only with residents of the following states: CA, CT, FL, MA, ME, NC, NJ, NY, PA, UT, VA, VT, and WI.