Best 401k plan on Reddit
42 reviews from r/financialindependence, r/personalfinance, r/Fire and 2 more subreddits
42 reviews from
and
By Brand
/By Product
#1
Vanguard
4.3
(10)
"A full set of vanguard target date funds would be a good choice."
"Vanguard's Solo 401k is also free."
"A Solo 401(k) is superior to a SEP IRA in almost every respect."
"The Solo 401k is great for reducing tax liability and allows for significant contributions."
"Vanguard offers competitive pricing and a solid reputation."
"Vanguard has been great but the paperwork and web app are hard to deal with."
"Vanguard actually uses Ascensus ... so, they're quite happy to help you out with a small business group plan."
"Look for low cost index funds that can be mixed to create a 3-fund portfolio."
"A great alternative to a 401k for small businesses."
"I would have preferred to rollover to Vanguard if they accepted rollovers at the time."
#2
Fidelity
4.3
(7)
"Fidelity's Solo 401k is free and has no opening cost, closing cost, or annual fee."
"All of the big low cost brokerages offer template/prototype Solo 401(k) plans for free."
"Only place I would recommend is Fidelity. Self directed solo 401ks there."
"Fidelity is a great choice for a brokerage to use with a Solo 401k."
"I overall love being at Fidelity for their great customer service and no fees."
"Most of the big brokerages offer Simple 401k service, like Fidelity or T Rowe Price."
"Fidelity is easy to start but you can't just ACH money into it."
#3
Guideline
4.0
(3)
"They don't offer a ton of customization but it has all the options I needed at a decent price"
"The two providers I see recommended most often are Guideline and Employee Fiduciary."
"The names I see mentioned most frequently are Guideline, Employee Fiduciary, and Ascensus."
#4
E*Trade
4.0
(3)
"E*Trade supports Solo 401(k) plans with no setup or maintenance fees."
"If your needs are more complex, you might need to pay someone to build a plan for you."
"Fidelity does not offer a Roth sub-account, but eTrade does."
#5
Employee Fiduciary
4.5
(2)
"Employee Fiduciary has lower costs that are beneficial for smaller employers."
"Some low-cost providers for small companies are: Employee Fiduciary, The Online 401(k)"
#6
Simple IRA
4.0
(2)
"If you cant find an affordable plan you could also look into a simple ira."
"Simple IRA is a better option for small business owners compared to 401(k) plans."
#7
ForUsAll
5.0
(1)
"Check out forusall, it will be your best bet for an extremely small company"
#8
Schwab
5.0
(1)
"These are basic bare-bones plans that will suit most of your needs."
#9
MySolo401k.net
5.0
(1)
"I recently chose MySolo401k.net as the provider and Fidelity as my brokerage. It allowed me to roll in my IRA to open the Backdoor Roth and it allowed me to use MBDR going forward."
#10
Company B
5.0
(1)
"Generous 200% match on contributions."
#11
Tony Robbins
5.0
(1)
"A great resource for understanding financial management and 401(k) plans."
#12
Chevron
5.0
(1)
"Chevron offers a competitive matching contribution of 8% for employees, making it a great choice for high-risk jobs with excellent benefits."
#13
Employee Fiduciary Corporation
5.0
(1)
"Low cost 401k meant for small businesses, fairly transparent pricing, and can hold Vanguard funds."
#14
Alphabet
5.0
(1)
"Alphabet contributes 50% up to the pretax limit, providing $11,250."
#15
Solo401k.com
5.0
(1)
"Very easy to use with lots of documentation and helpful support."
#16
America's Best 401(k)
5.0
(1)
"They offer extremely low fees and great fund options."
#17
The White Coat Investor
4.0
(1)
"I would check out this thread on The White Coat Investor."
#18
Equity Trust
4.0
(1)
"Equity Trust has some great information."
#19
Company A
4.0
(1)
"Offers a 6% match with additional contributions."
#20
Company C
4.0
(1)
"Provides a solid 4-6% contribution."
#21
MySolo401k
4.0
(1)
"Pretty seamless process. They are pretty responsive and helpful."
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