Features & Benefits
What is Single(k)?
Single(k) is a 401(k) for owner-only businesses. This includes sole proprietorships, partnerships and corporations.
It is a flexible, easy and cost-effective way for one-person businesses to maximize retirement savings.
Single(k) is for people just like you: owner-only businesses or those with part-time employees only. This includes sole proprietorships, closely-held family businesses, partnerships and corporations.
What’s so special about Single(k)?
Single(k) allows you to borrow against your retirement assets. This is especially important if you are a rapidly growing business.
For this reason, Single(k) may be a better choice than other plans such as a SEP or Profit-Sharing plan. Loans are available from Single(k) at 50% of the account value up to $50,000 - a key feature for growing businesses.
We are now offering the new Roth 401(k) option!
You can access a Roth calculator and a detailed "Frequently Asked Questions" section to help you decide whether or not to add the Roth feature to your Single(k) plan.
If you would like to find out more about Roth and how you can add this feature to your Single(k), please click here.
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