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  • Save more with an
    Individual 401(k) Retirement Plan

    This 401(k) plan allows one-person business owners (and their working spouse) the opportunity to save even more for their retirement.
    Call 1.800.638.3804 to get started.
    Individual 401(k) Retirement Plan Individual 401(k) Retirement Plan
    Eligibility: Self-employed individuals and their working spouse
    100% of compensation* up to $17,500 and $23,000 if age 50 and older in tax year 2014.
    For tax year 2015, up to $18,000 and $24,000 if age 50 and older.
    Up to 25% of compensation** where salary deferral plus employer contributions may not exceed $52,000 for tax year 2014 and $57,500 if age 50 or older.
    $53,000 for tax year 2015 and $58,000 if age 50 or older.
    Employee Options: N/A—only contributions are allowed for business owner and working spouse
    Fees: No annual fees or set-up costs1
    401(k) Plan Set-up
    December 31 (by the end of the initial plan year)
    401(k) Plan
    Reporting Requirements:
    May require annual IRS Form 5500
    Investment Options: Choose from over 90 no-load mutual funds
    SIMPLE IRA Plan Benefits

    Individual 401(k) Plan Benefits

    Significant Tax Savings Potential
    • Contributions to an Individual 401(k) Plan can help reduce your taxable income while saving for retirement.
    • Choice of either pre-tax or after-tax (ROTH) salary deferral contributions Tax-Deferred Growth Potential and Generous Contribution Limits
    • Generous contributions limits allow you to maximize your retirement plan needs.
    • Age 50 or older and able to make "catch-up" contributions in addition to your salary deferral contributions.
    Low Costs
    • No fees or 401(k) plan set-up costs when you subscribe to paperless delivery.1
    • We keep our mutual fund expenses low to help you save even more.
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    *The maximum deductible contribution for federal income tax purposes.

    **Maximum amount of compensation that can be used in determining contribution is $260,000 for tax year 2014 and $265,000 for tax year 2015. This amount is increased periodically for inflation. Significant Tax Savings.

    1An annual $20 account service fee is charged for each mutual fund account with a balance below $10,000. The $20 account service fee will be waived for the following circumstances: Subscribe to electronic delivery of statements and confirmations*; maintain an individual combined balance of $50,000 or more for all T. Rowe Price accounts (including mutual funds, Brokerage, Variable Annuity, and Small Business Retirement Plans); or qualify for T. Rowe Price Select Client Services based on higher asset levels of $100,000 or more. Participants can subscribe to paperless delivery via the T. Rowe Price website once their account is established.
    Copyright 2014, T. Rowe Price Investment Services, Inc., Distributor. All rights reserved.