Individual 401(k) Plans

What is an Individual 401(k)?

An Individual 401(k)—also known as an i401(k)—is a retirement plan that can maximize your savings if you're self-employed or if you're a partner in a business whose only employees are the partners and their spouses.

Who can use the plan?

Self-employed individuals and business owners with no common-law employees and their spouses who are employed by the business. 

The business owner can contribute both as an employer and employee. 

C corporations, S corporations, and limited liability companies (LLCs), with no common-law employees, can also participate.

Employer contribution limits

Employee contribution limits