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This Web site contains a compilation of more than a thousand consumer finance  columns written by Tony Novak from the 1980s through 2006, updated and reformatted for maximum usefulness today.  New material was added after 2010.

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Solo-401(k) plan documents

originally posted: 11/22/2006  reposted: 2/18/2011 This post has not been recently reviewed or revised by the author and may be out of date. If in doubt, please send a new question or ask for an update.

Q: I am looking for an online IRS approved prototype solo 401-k plan. I can't seem to find any online at all.

A: Many big financial firm offer solo 401(k) plans with the IRS-approved plan documents for free or nearly-free. In almost all cases the documents are combined with required trustee services. Since the documents themselves are filed as "master/prototype" plans, you will not find them posted for the intention of download or modification. This would defeat the purpose of the IRS master submitter program. Since you are going to need trustee services for your 401(k) anyway, why not ask them for the documents. prepares customized one person 401(k) plan documents for special situations, but at a higher cost. A customized plan does not qualify for the ultra low cost services of Solo 401(k) so then use more expensive trustee services as well just like a regular 401(k). See for the costs on a regular type 401(k).


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