ShareBuilder 401k is adding Roth 401(k) deferrals to its proprietary Solo 401(k) platform called the Solo 401(k) Saver.
The Roth 401(k) feature enables business owners and any employees to make post-tax contributions to their 401(k) accounts no matter how much they earn, allowing for tax-free withdrawals of both contributions and earnings in retirement. ShareBuilder’s employer-based 401(k) and Solo 401(k) Plus offerings have included Roth since 2006.
For the self-employed enrolled in ShareBuilder’s Solo 401(k) Saver, Roth contributions are available as an employee deferral option, up to the 2026 IRS limit of $24,500 for participants under age 50. Employer contributions to the plan remain tax deferred.
“Self-employed and owner-only shops deserve the same retirement planning flexibility that employees at larger companies have always had,” ShareBuilder 401k CEO Stuart Robertson said. “Adding Roth 401(k) deferrals is a direct response to what our customers have been asking for – a low-cost, easy to use Solo 401(k) plan with robust tax management features. Tax rates are unpredictable, and giving savers the option to pay taxes now and withdraw tax-free later is a meaningful tool — especially for business owners who may earn too much to consider a Roth IRA and may see their income and tax situation change significantly over time.”
Existing and new ShareBuilder Solo 401k Saver customers can begin making Roth deferrals immediately. Clients or prospects with questions about getting started can contact their Customer Success Manager or visit the company’s website for additional resources and guidance.