Vanguard Individual 401(k)
A straightforward, low-cost retirement plan for the self-employed.
Overview
Vanguard's Individual 401(k) allows self-employed individuals and small business owners with no employees to save for retirement with high contribution limits. The plan offers access to Vanguard's well-known lineup of low-cost mutual funds and ETFs. While the plan itself has no setup or maintenance fees, there may be annual fees for the underlying investments.
✨ Key Features
- No setup or maintenance fees for the plan
- Access to a wide selection of Vanguard mutual funds and ETFs
- Traditional and Roth contribution options
- Rollover acceptance from other retirement plans
🎯 Key Differentiators
- Focus on low-cost index funds and ETFs
- Strong brand reputation for investor-friendly practices
Unique Value: Offers a no-frills, low-cost Individual 401(k) plan with access to Vanguard's renowned selection of investment products.
🎯 Use Cases (2)
✅ Best For
- Building a diversified retirement portfolio with a focus on low expense ratios
- Consolidating retirement assets into a single, low-cost plan
💡 Check With Vendor
Verify these considerations match your specific requirements:
- Businesses with employees (other than a spouse)
- Investors who want to actively trade individual stocks or invest in non-Vanguard funds without potential transaction fees
- Individuals who require a loan option from their 401(k)
🏆 Alternatives
While it may lack some features like a loan option, its primary appeal is its alignment with a low-cost, passive investing philosophy.
💻 Platforms
🛟 Support Options
- ✓ Email Support
- ✓ Phone Support
- ✓ Dedicated Support (NA tier)
🔒 Compliance & Security
💰 Pricing
Free tier: No setup or maintenance fees for the plan. Annual account service fees may apply to the underlying brokerage account depending on the balance.
📊 Market Info
Customers: NA
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