Individual 401(k) Plan

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.

Overview

  • 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

Account Pricing

There is no fee to open or maintain an account at Schwab.

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

Find out more about our fees and minimums.


Related Questions

Have questions about our Individual 401(k) plan? Here are responses to some of the most common questions we hear. If you have a specific question that’s not answered here, please call us at 866-855-6637.


Establish Your Plan

Follow these instructions for establishing and contributing to a Schwab Individual 401(k) plan. Note: To establish your plan, you will need an Employer Identification Number (EIN).

  1. Print and complete the adoption agreement. Retain a copy and return the signed original to Schwab.
  2. Review the basic plan document, which describes and governs your account, and keep it for your records.
  3. Print and complete your account application. Retain a copy and return the signed original(s) to Schwab.
  4. Distribute the pricing guide to all participants.
  5. Optional: Review the benefits, features, and contribution eligibility of the plan.

Next Steps

After you've done your initial paperwork, here are the next steps.


Contact

  • 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.

    See all Schwab accounts.