Who offers a Roth 401(k) for a small business?

[chevy292]

Why are they so hard to find? Does anyone have a list of who offers them? Thank you for any help!!

[Pete]

I have set up a few of these already for Small businesses you should be able to query who can help you at www.statefarm.com or e-mail back and we can help you locate them.

[FNToday]

My wife and I run a small (2 employee) corporation and we set ours up through Wachovia. Sharebuilder401k.com also offers one and you can sign up online.

[Anonymous]

I've researching this also, and so far have found that TD Ameritrade will have the account the first quarter of 07,

T. RowePrice has an account, but you can only use their mutual funds which are actively managed so are more expensive than index funds.

Etrade doesn't have this account and Charles Schwab also doesn't have one.

IMO, there is no reason for a small business person to need to pay any monthly fees for someone to manage this type of account.

So, I'm still looking.

[gemstar]

I was told today that Fidelity is actively considering a Solo Roth 401(k) offering for 2007. The rep took my name and number so they can contact me when it is available. This is the best news I have had from the low-cost providers.

Has anyone found a low-cost provider for 2006?

[marvin23]

Merrill Lynch can easily set you up with a Solo Roth 401K, which will enable both the owner and spouse of a business to contribute the max 49,000 to each account. 20,000 after-tax if over 50 and 15,000 after tax if under 50. The other part is considered pre-tax made by the employer. These plans are very easy to set up and can accept rollovers from SEPs, money purchase, profit sharing. Let me know if you need a contact of a specialst in this niche.

[jimbojr]

If you're looking for a self-directed Roth-K where you determine where to invest your money (not locked into the fund's investments), you can try one the self-directed plan administrators.

This allows me to invest my retirement dollars in residential and commercial real estate.

I use these guys, www.theentrustgroup.com. There are others. Just shop around for the best mix of expertise (extremely important), service (very important) and costs. My administrator knows my tax CPA through working with other clients, and can work with him directly to structure things properly for my individual situation--a major bonus!

Jimbo