Providers

Beacon Capital Management Advisors is experienced in setting up Individual 401k plans for our clients and we have developed working relationships with many Individual 401k providers.

In general Individual 401k plans are broken down into 3 main groups and below are some of the defining features.

1) Individual 401k plans with one mutual fund family

  • Choose from 20 to 50 or more mutual funds through one mutual fund family (i.e. Invesco, American Funds, Pimco, Pioneer).
  • Inexpensive – the cost is $0 to setup and $15 annual fee (the $15 fee is waived with a $50,000 balance). The 401k loan fees are $50 application fee and an annual fee of $25.
  • 401k loans are available.
  • Roth 401k contributions are available.

Clients select this type of Individual 401k plan because they like the simplicity and the low administrative fees. They feel one mutual fund family and 20 to 50 or more mutual fund choices is sufficient for their 401k. Clients may select this type of Individual 401k plan if they are interested in getting a 401k loan and want low administrative fees.

Clients select this type of Individual 401k plan because they like the simplicity and the low administrative fees. They feel one mutual fund family and 20 to 40 mutual fund choices is sufficient for their 401k. Clients may select this type of Individual 401k plan if they are interested in getting a 401k loan and want low administrative fees.

2) Individual 401k with multiple mutual fund families, ETFs and stock trading

  • Choose from over 1,000 mutual funds and multiple mutual fund families.
  • Stock trading available.
  • More expensive – Fees vary depending on the Individual 401k provider, but the administrative costs can be $275 to setup and $275 per year. Additional fees for stock trading and other administrative fees may apply.
  • Loans are available.
  • Roth 401k contributions are available.

Clients select this type of Individual 401k plan because they need a lot of investment flexibility and need the ability to choose from over 1,000 mutual funds, ETFs and do stock trading.

3) Individual 401k investing in real estate, tax liens, gold and alternative investments

  • Can invest in real estate, tax liens, gold and other alternative investments.
  • Very Expensive.

Clients select this plan because they want to invest in non-traditional investments. These plans are expensive and have other potential complications not found with other Individual 401k providers.

Complete the form below and we will provide you with more information. Please indicate what type of Individual 401k provider you are interested in.


Need Help or Advice?

Eric Kuniholm Eric Kuniholm, CPWA®
Certified Private Wealth Advisor®
Beacon Capital Management Advisors
President

Contact me if you would like to open an Individual 401k or if you would like to learn more about the services I provide to my clients. I am registered in all 50 States.

Contact Eric Kuniholm