How do I set up a Solo 401k with Carry?

Carry has made setting up a Solo 401k plan easy and straight-forward. Simply follow these steps to get started with your Solo 401k plan today:

Click Continue after reading through each screen and entering any necessary information.

If you satisfy any of the following conditions:

• You have an existing Solo 401k plan for your business

• Your business has other owners or partners

• Your spouse is an employee, owner, or partner in your business

be sure to indicate this during your application on this screen:

Click Continue after entering the necessary information on each screen.

After observing the Tips section, name your plan and choose when you want your plan to start.

If you're unsure of whether you want to do this, you can learn more about the EACA credit here.

Preview and download your plan documents, and sign them electronically. Click Continue to submit your application for review.

Once your Solo 401k application is submitted, our team will review it and let you know if we need any additional documents, or otherwise notify you when your application is approved or rejected.

Choose whether you'd like to save the most taxes today, maximize your Roth contributions, or do a combination of both. Then, click Next.

If you're unsure, you can learn more about the Mega Backdoor Roth strategy and its advantages here.

The contribution limit for each category is dynamic and will change as you input numbers into each field. When you're finished with entering the amounts you'd like to contribute for each category, electronically sign the form and click Next.

Your election is updated saved.