Individual 401(k) Plan

Mountain West IRA – Individual 401(k) Plan IRA

Individual(K) Plan

How to Open a Self-Directed Individual(k) Plan
  • We have step-by-step directions HERE.
  • You can also view our Process Diagram HERE.
  • If you have any questions, please contact our office HERE.

Take Advantage of Accelerated Contribution Limits with Enhanced Flexibility

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 401(k), business owners can make both employee deferrals and employer contributions. The Mountain West 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.

Why Consider a Mountain West IRA Self-Directed 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 the capability of borrowing from your plan.
  • You want to purchase leveraged real estate in your plan and wish to avoid UDFI (Unrelated Debt Financed Income Tax).

Individual 401(k) Plan Employee Deferrals, Contribution Limits and Catch Up Contributions

Part I Individual(k)
Employee Salary Deferrals (Traditional or Roth) $19,000
Catch Up Employee Deferrals (Age 50+) $6,000
Total Employee Deferrals (Age 50+) $25,000
Part II Individual(k)
Employer Profit Sharing Contribution 25% of compensation
Overall Contribution Limits (Under age 50) $56,000
Overall Contribution Limits (Age 50+) $62,000

Self-Directed IRA Education

2020 Contribution Limits
Are You Looking To Self-Direct Your Retirement Account?

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.

2019 Contribution Limits
Webinar Information

You can access all of our webinars HERE.

Self-Directed IRA Investment Process