Main Menu Country: United States | English Secure Login Find a Financial Advisor Owner-only 401(k) plan You may be a one-person business, but you can save for retirement like a large company. This plan is only available to business owners that have no employees other than their spouse. You may be a one-person business, but that doesn't mean you can't save for retirement like others at large companies. The Edward Jones Owner K® is an owner-only 401(k) plan, designed for business owners – with no employees other than their spouses – who want to increase or maximize pretax retirement contributions with flexibility. Any business with no employees other than owners and their spouses can set up this plan (including self-employed individuals, corporations and partnerships). Consider the following: The contribution limits are larger than those of a SEP IRA. You can borrow from your Edward Jones Owner K® account.1 Your spouse also may contribute if working for your business. Contribution features For 2021, you can generally contribute elective deferrals up to 100% of compensation or a maximum of $19,500. If you're 50 or older, you can contribute $26,000 or receive employer non-elective contributions up to 25% of total compensation as defined by the plan. Total contributions to a participant's account (not including catch-up contributions) cannot exceed $58,000. Instead of a pretax contribution, you may contribute all or part of your salary deferral amount as an after-tax Roth contribution (up to $19,500). Contributions (except Roth contributions) are tax-deductible, and earnings can grow tax-deferred. Deadlines You must establish the plan by the last day of your business tax year, but no later than Dec. 31 of the year for which contributions will be made. How we can help Your Edward Jones financial advisor can provide information about the types of retirement plans available. Back to page content Explore more Taxes and investing Account options Planning for retirement Find a Financial Advisor Name or location (city, state or ZIP) Search Results Back to page content Important Information: 1Plans looking to add loan provisions must use a custom plan document from a third-party administrator. The Edward Jones plan document does not allow for loan provisions. All loans must comply with all applicable tax laws. Participants should consult with their tax advisor regarding their situation. Loans taken from a plan may be treated as a taxable distribution and may result in early distribution penalties. Please refer to your individual plan document for more information on optional plan loans. This information is for educational purposes only. Edward Jones, its employees and financial advisors cannot provide tax or legal advice. Market Data DJIA 34,899.34 (-905.04) S&P 500 4,594.62 (-106.84) NASDAQ 15,491.66 (-353.57) Disclosures News and Media Careers Resources for CPAs and Attorneys Client Relationship Summary Client Resource Center Follow us to stay up to date Feedback Privacy and Security Center Ad Choices Revenue Sharing (pdf) Accessibility Policy Copyright © 2021 Edward Jones. All rights reserved. Member SIPC. This site is designed for U.S. residents only. The services offered within this site are available exclusively through our U.S. financial advisors. Edward Jones' U.S. financial advisors may only conduct business with residents of the states for which they are properly registered. Please note that not all of the investments and services mentioned are available in every state.