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Individual 401(k) Plan

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If you’re self-employed or run an owner-only business, you can make substantial contributions toward your retirement with an Individual 401(k) plan. It’s easy to administer and has many of the same benefits as a traditional 401(k). Best of all, you direct how your contributions are invested.

What are the fees and commissions?

  • Monthly service fees: $0
  • $0 account open or maintenance fees. Other account fees, fund expenses, and brokerage commissions may apply1.
  • Commissions: $0 per online trade;2 $0 per Schwab ETF online trade in your Schwab account3

There are no fees to open or maintain your account. Other fees may apply; please see Account Pricing.

What do I get with this Individual 401(k) plan?

Every Schwab account comes with one-on-one investment help and guidance. With this account, you’ll also get:

  • Higher potential contribution limits than SEP-IRA and profit-sharing plans
  • Ability to make profit-sharing contributions and salary deferrals
  • Tax-deductible contributions and tax-deferred earnings
  • Flexible annual contributions
  • Retirement planning tools and resources
  • 24/7 service and support

Take the next step.

Ready to establish a Individual 401(k) plan? Get detailed instructions above in Establish Your Plan.

Need help? Call 866-855-6637.

Investors should consider carefully information contained in the prospectus, including investment objectives, risks, charges, and expenses. You can obtain a prospectus by visiting Please read the prospectus carefully before investing.