# Solo(k)

For **Advisors**

Offer sole proprietors a streamlined, high-contribution retirement plan that’s flexible, compliant, and easy to administer.

### Drive higher contribution limits

With combined employee and employer contributions, your clients can maximize their savings. Offer Roth or traditional deferral options to align with their goals.

### Enable business tax savings

Solo(k) employer contributions are tax-deductible business expenses, offering a compelling incentive for self-employed clients to reduce taxable income while investing in their future.

### Support future business growth

Unlike SEP or SIMPLE IRAs, Vestwell’s Solo(k) can be seamlessly amended into a traditional 401(k) plan as your client hires employees, allowing you to retain and serve them as their business scales.

### Streamline setup and oversight

Vestwell provides integrated recordkeeping, 3(16) fiduciary services, contribution tracking, and optional payroll sync to reduce administrative burden—for both you and your clients.

### Mobile App

Employees can manage their account and savings on the go with the Vestwell mobile app. They can set contributions, adjust account details, and track progress anytime, anywhere.

[Download on the App Store](https://apps.apple.com/us/app/vestwell/id6502456411)

### Managed Accounts

A tool that provides a more personalized asset allocation into portfolios based on retirement and investment goals. Funds can be selected by a third-party investment fiduciary or the plan’s advisor acting as 3(38) or 3(21) fiduciary.

[Learn more](/content/blog/franklin-templeton-partners-with-vestwell-to-deliver-advisor-managed-account-offering/index.html)

### Profit Sharing

A flexible option for employers to share company success by making additional contributions toward retirement accounts after the plan year ends.

[Read the case study](/content/blog/profit-sharing-made-possible-a-simple-solution-for-a-complex-plan/index.html)

### Student Loan Retirement Match

A benefit to pay back student debt while saving for retirement, with employer matching contributions of student loan payments towards employee retirement accounts.

[Learn more](/content/blog/secure-act-2-0-can-provide-added-benefits-for-plan-sponsors-and-their-employees/index.html)

### Learning Center

A complimentary, integrated library of financial wellness resources and interactive learning modules on foundational topics, from budgeting to saving for a home to planning for milestones.

### Guaranteed Lifetime Retirement Income

An investment option that offers guaranteed monthly payments during retirement via lifetime annuities, providing a layer of income protection.

[Learn more](/content/blog/elevate-your-retirement-offering-with-vestwell-s-guaranteed-lifetime-income-solution/index.html)

## Built to power _advisor success._

Our 401(k) solutions are built to work the way you do—offering plan transparency, an intuitive advisor dashboard, and the flexibility to take on as much or as little as you choose.

[See how it works](/content/book-a-demo/index.html)

> “When we were evaluating our options, we interviewed multiple fintech solutions. Without a doubt, Vestwell was the most advisor-friendly in the marketplace.”

### Lets see your potential savings!

If you start a qualified retirement plan with auto-enrollment, you may qualify to earn more than $150,000 in tax credits over a three-year period.

### Do you currently have a 401(k) plan?

YesNo

### How many employees (including owners) were **paid more than $5k** in W-2 wages last year??

### How many of those 10 employees will **earn more than $100k** this year??

### How many of those 10 employees are classified as owners (as defined by the IRS)??

### Who will pay the monthly employee fees??

EmployerEmployee

### Which plan type?

WorkplacePlusFlex

### OPTIONAL  Is a financial advisor receiving a flat fee as part of this plan?

SelectYesNo

Calculate Savings

## Expand your practice.

Serve self-employed clients with a digital-first, high-contribution plan that grows with their business.

### Who qualifies for a Solo 401(k)?

Self-employed individuals with no full-time employees other than a spouse who operate a sole proprietorship, LLC, partnership, or corporation.

### Can my client contribute both pre-tax and Roth dollars?

Yes. Vestwell supports both traditional and Roth contributions.

### Can a Solo 401(k) plan include loans or hardship withdrawals?

Yes, Vestwell offers optional plan features including participant loans, hardship, and in-service withdrawals.

### What happens when a client hires employees?

The plan can be converted into a traditional 401(k), allowing for seamless scaling and continued service.

### What deadlines should my clients be aware of?

Employee contributions must typically be made by December 31 while employer contributions are due by the business’s tax-filing deadline, including extensions.