News #3

Our office will be closed on Wednesday, June 19th in observance of Juneteenth. We will reopen on Thursday, June 20th.

News #3

Account Type

Solo 401(k)

A Solo 401(k) is similar to an employer-sponsored 401(k), except the account holder must be self-employed with no other employees and acts as both the employee and employer.

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At a Glance

What should you know about a self-directed Solo 401(k)?

Tax Benefits

Other Benefits

Getting Started

What Solo 401(k) plans does NDTCO offer?

Full Service

For business owners who are looking to adopt a prototype Solo 401(k) plan for themselves, and they plan on holding their assets at NDTCO, this option incorporates both the adoption plan rental and the bookkeeping services below.

Adoption Rental

This plan is for business owners looking to adopt a prototype (pre-approved by the IRS) plan for themselves only and want the plan administration to occur independently of NDTCO. Spouses can be added if they work for the company covered by the plan. 

Bookkeeping Only

This option is for business owners who already have a 401(k) plan document outside of NDTCO, but would like NDTCO to hold the assets and provide recordkeeping, such as statements reflecting the account value that can be provided to the plan administrator. 


Distribution Rules

What should you know about Solo 401(k) distributions?

Minimum Distribution Facts

Early Distribution Facts


Getting Started

How do you fund your Solo 401(k) account?


As an employee, you can contribute 100% of your compensation up to $23,000 in 2024. As an employer, you can contribute 25% of compensation up to $46,000 in 2024.  

This brings the total annual limit for 2024 to $69,000, plus an additional $7,5000 (in employee contributions) for Solo 401(k) holders age 50 or above.


Solo 401(k)s can only be transferred to other 401(k)s or back and forth between Solo 401(k) and employer accounts.


The following account types can be rolled to or from a Solo 401(k): Traditional IRA, SEP IRA, and SIMPLE IRA (if the SIMPLE has been open at least two years).

Roth IRAs cannot be rolled into a Solo 401(k); however, Roth 401(k) funds can be rolled into a Roth IRA. Outside of Roth IRAs, any other type of qualified money can be rolled into a Solo 401(k). 

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Other Investments

ROI is everywhere if you know where to look

No financial advisor knows you better than yourself. With a Solo 401(k), you have the freedom to invest your tax-advantaged retirement funds in the assets you’re most passionate about. 

From real estate to startups to small businesses, if you can find it, we will help you fund it.


Education Center

Want to learn more about Solo 401(k) accounts?