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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
    Contribution
    Guidelines:
    100% of compensation* up to $17,500 and $23,000 if age 50 and older in tax year 2014
    Employer
    Contributions:
    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
    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
    Deadline:
    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.
    *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. 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.