Owner-Only Solo
401(k) Plans &
Cash Balance Plans
Owner-Only Retirement Plans – also referred to as Solo Plans – are available for businesses of all entity types with no full-time employees.
If your business is comprised solely of owners, spouses of owners, and/or part-time employees, you can start a solo plan to maximize your retirement income.
THE BENEFITS
Use it before you lose it
As a self-employed business owner or independent contractor, you work hard for your money. Instead of having that extra income disappear when tax season rolls around, you can use it to grow your retirement portfolio.
Low Maintenance Plans
Solo Plans are low maintenance relative to the tax and investment benefits they offer. Owners are not required to do much, aside from making deposits and signing forms.
Competitive Pricing
Take advantage of the most competitive pricing in the industry, made possible by simple plan designs and technological efficiencies. JPX is not in the business of complicating for profit.
Professional Service
Owned and operated by an experienced actuary, JPX takes pride in all aspects of the business. You can expect the highest level of professionalism and clarity in all communications when working with JPX.
For the naturally curious
What is the process to start a plan?
Once you have completed our Solo Questionnaire, we will send you plan documents to sign. These documents are used to open a qualified retirement plan investment account where you can make your contributions.
How much can I deposit as a tax-deductible contribution each year?
In our Solo Questionnaire, we will ask how much you plan to contribute each year. This will determine the retirement plan(s) we recommend for you. 401(k)/Profit Sharing Plans allow for discretionary contributions up to the published IRS limit for the year. Cash Balance Plans have considerably higher deduction limits (up to $200,000+) but contributions are required annually.
How will the money in the plan's account be invested?
You can open an investment account at any qualified institution and retain the investment advisor of your choice.
When can I withdraw the money from the plan?
When you reach age 59.5 or terminate the plan. There are additional options for withdrawals if you are under age 59.5, but it is wise to seek professional advice from retirement, tax, and investment professionals before doing so.
Take control of your financial future
Take advantage of the wonderful tax benefits that retirement plans have to offer at the industry’s most competitive price points.