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Single(k) Plans

Single(k) plans are one of the most popular types of retirement plans for owner only entities. These plans provide the contribution limits of a traditional 401(k) at the fraction of the normal administrative cost. Below is a brief summary of the plan features:

Type of Company Owner Only Entity
Establish Deadline Tax Filing Plus Extension (2020)
Max EE Deferral $19,500 or $26,000 (over 50)
Max ER Contribution $37,500
Annual Admin Cost $300 ? $400
Loan Feature Available 50% of Balance

Unlike SEP IRA’s, these plans have an employee deferral feature which provides the owner with the option to make employee deferrals up to the lesser of max hard dollar limit for the year or 100% of net earning income or W2 wages from the entity. Since these plans are qualified plans, they provide the same ERISA protection as traditional 401(k) plans. These plans offer a lot of flexibility both from a plan design standpoint and an investment standpoint. We have a number of unique tax savings strategies that we help clients utilize through the use of these Single(k) plans.


Welcome To Our Virtual Retirement Plan Services

For companies located outside of the Capital Region, we designed a virtual employer sponsored retirement plan platform that allows us to offer our clients:

  • Easy Plan Setup
  • Plans Consulting
  • Low Fees
  • Flexible Investments
  • No Call Centers
  • Employee Education (if applicable)
  • Retirement Planning
  • Video Conferencing For Review Meetings

Contact Us . . .

All of our services start with a complimentary consult. We can assist you in determining which plan is the right fit for your company.

Schedule Yours Today

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Investment advisory services offered through Greenbush Financial Group, LLC. Greenbush Financial Group, LLC is a Registered Investment Advisor. Securities offered through American Portfolio Financial Services, Inc (APFS). Member FINRA/SIPC. Greenbush Financial Group, LLC is not affiliated with APFS. APFS is not affiliated with any other named business entity. There is no guarantee that a diversified portfolio will enhance overall returns or outperform a non-diversified portfolio. Diversification does not ensure against market risk. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which investments may be appropriate for you, consult your financial advisor prior to investing. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and cannot be invested into directly.