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Individual 401(k) Plans

You don’t have to be a big company to offer big benefits. Small businesses and independent contractors can reap the benefits of a 401(k) Retirement Plan too. 

Offer Big Benefits with a 401(k) Retirement Plan

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* offer access to Individual 401(k) plans specifically designed for owner-only businesses and companies with very few employees.

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, 401(k) plans, SIMPLE IRAs, Defined Benefit Plans, 403(b) plans, and Rollover IRAs—into your Individual 401(k) account.

Learn all the Ways an Individual 401(k) Plan Can Benefit You and Your Employees!

Securities offered through LPL Financial, 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.