Individual 401(k) Plan

Individual 401(k) Plan

Individual 401(k) Plan Employee Deferrals, Contribution Limits and Catch Up Contributions
2021 Individual 401(k) Plan Contribution Limits
Employer Contribution
Up to 25% of compensation / Max. of $38,500
Employee Deferral, Under 50
Up to 100% of income / Max. of $19,500
Employee Deferral, 50 and Over
Up to 100% of income / Max. of $26,000

 

    • We have step-by-step directions HERE.
    • You may also view our Process Diagram HERE.
    • If you have any questions, please contact our office HERE.

 

The Mountain West IRA Individual 401(k) Retirement Plan is a defined contribution plan for businesses that employ only the owners, their spouses, and partners. In some plans, including individual 401(k), business owners can make both employee deferrals and employer contributions. The Mountain West IRA self-directed individual 401(k) retirement plan is offered both with and without a Roth option, which permits after-tax deferrals into the plan.

 

If you currently have an individual 401(k) and wish to self-direct your funds into alternative investments, you can easily transfer or rollover the funds to Mountain West IRA by opening an individual 401(k) plan.

 


    • You are a sole proprietor with no employees other than your spouse, partner(s), and their spouses. The plan trustee and administrator of the plan is simply the business owner, their spouse, or a partner. However, a designated third party works as well.
    • You are looking for the largest potential contribution for a business without common law employees.
    • You want to purchase leveraged real estate in your plan and wish to avoid UDFI (Unrelated Debt Financed Income Tax).
    • You want the capability of borrowing from your plan.
      Click here to download → Individual 401(k) Loan Application & Note
      Click here to download → Individual 401(k) Loan Policies & Procedures

SELF-DIRECTED IRA EDUCATION

Click here to download → 2021 Contribution Limits

Click here to download → 2020 Contribution Limits

If you’re looking for self-directed IRA companies, look no further than Mountain West IRA. We take great pride in helping our clients create the IRA retirement plan that will provide you with the solid financial foundation you need to ensure you can live comfortably in your retirement years.

 

Mountain West IRA is a nationally trusted self-directed IRA administrator. We accept a vast array of alternative investment options so you can create a diverse alternative asset portfolio that yields the results you are looking for to fund your retirement years, while being in control of your retirement.

You can access all of our webinars HERE.

Click here to download → Process Diagram

Prohibited transactions in IRA