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Receive business and personal tax breaks

Contributions you make as the business owner are generally tax deductible by your business. You may also contribute as an employee, reducing your personal taxes. Total contribution limits, as an employee and employer, are nearly 10 times higher than a Traditional IRA.

Get advice and guidance

Funds and model portfolios — selected and managed by Morningstar Investment Management LLC — help take the guesswork out of investing. You also have access to educational call-center support from Plan Administrators, Inc. (PAi) and a suite of online investor‑education resources.Footnotes 1, 3

Contribute as your cash flow allows

With an Individual (or solo) 401(k), you decide how much to contribute, and you can choose to contribute as your cash flow allows. You can also make contributions whether or not you have a profit.

Understand your retirement journey

PAi's CoPilot includes Years of Retirement that helps you understand how many years you can afford to be retired.

Access your money when you need it

Loans and withdrawals are available if you choose these features in your plan. Always be sure to understand the tax implications before taking a loan.Footnote 2

Stay updated with Alerts

PAi's CoPilot offers proactive, relevant messaging that encourages you to participate in your retirement experience.
Interested in learning more? Read the Individual 401(k) fact sheet (PDF)

Contribution limits nearly 10x a Traditional IRA

limits nearly
a Traditional IRA

Need help setting up your plan?

Call 866.890.4177866.890.4177
Mon-Fri 8 a.m. - 5 p.m. CT to speak with a PAiFootnote 1 401(k) Consultant

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Investing in securities involves risks, and there is always the potential of losing money when you invest in securities.

Asset allocation, diversification, and rebalancing do not ensure a profit or protect against loss in declining markets.
Merrill, its affiliates, and financial advisors do not provide legal, tax, or accounting advice. You should consult your legal and/or tax advisors before making any financial decisions.

This material is not intended as a recommendation, offer or solicitation for the purchase or sale of any security or investment strategy. Merrill offers a broad range of brokerage, investment advisory (including financial planning) and other services. Additional information is available in our Client Relationship Summary (PDF).

Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as "MLPF&S" or "Merrill") makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation ("BofA Corp."). MLPF&S is a registered broker-dealer, registered investment adviser, Member Securities Investor Protection (SIPC) popup and a wholly owned subsidiary of Bank of America Corporation ("BofA Corp").
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Investment products offered through MLPF&S and insurance and annuity products offered through MLLA:
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