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TD Ameritrade has been acquired by Charles Schwab. Now you’ll get access to thinkorswim® trading platforms and robust trading education at Schwab, along with great service, a commitment to low costs, and a wide range of wealth management and investing solutions.

Open an account at Schwab today. You can still open an account at TD Ameritrade and we’ll let you know when your account is ready to be moved in early 2024.

Get in touch Call or visit a branch

Call us: 800-454-9272

175+ Branches Nationwide

Small business retirement plans

Small business retirement plans that self-employed, entrepreneurs, and sole proprietors and their employees, tax-advantaged ways to save for retirement. 

Small business and Self-Employed Retirement Plans

  • Solo 401k

    A Solo 401k, also commonly referred to as an individual 401k, is for self-employed individuals without full-time employees. By allowing you to contribute as both the employer and the employee, this plan enables you (and your spouse if he or she works for you) to boost your retirement savings with higher contribution limits. Both Roth and pre-tax salary deferrals may be permitted.


    A Simplified Employee Pension (SEP) IRA is a plan completely funded by the employer. This plan benefits both the employer and employees, with tax-deductible contributions for the employer and tax-deferred growth for the employees. Flexibility over contributions makes it a good choice for businesses with varying profits.


    A Savings Incentive Match Plan for Employees (SIMPLE) allows both the employer and employee to contribute to employee retirement accounts with tax benefits for employer contributions and the ability for employees to make pre-tax contributions. This plan is intended for businesses with steady profits.

Compare small business retirement plans

Solo 401(k) Plan



What Plan Fits My Business?

Self-employed individuals without any full-time employees (other than my spouse or business partner)



Businesses with 1 - 100 employees (corporate employers, non-profits, partnerships)



Who is Able to Contribute?

Employer contributes on employees behalf




Employee contributes on own behalf


What are the Contribution Options?

Employer contributions are tax-deductible




Employee contributions are flexible


Contributions have tax-deferred growth potential


Contributions must be immediately vested


Additional Benefits

No employer IRS tax filing for the business


Ability to exclude part time employees


Tax deductible plan expenses


Get in touch Call or visit a branch

Call us: 800-454-9272

175+ Branches Nationwide

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