Setup a solo 401k

Setup a solo 401k

Opolis is the only Member-owned, one-stop employment and benefits platform for freelancers and independent workers in the country.

5 min read

"Benefit Yourself" with ForUsAll's 401(k) Built From the Ground Up for Freelancers

David Ramirez, CFA
December 20, 2023
"Benefit Yourself" with ForUsAll's 401(k) Built From the Ground Up for Freelancers
Table of contents

Freelancers and solo entrepreneurs now have access to a cost-effective, adaptable 401(k) plan, specifically designed to cater to the unique requirements of freelancers and entrepreneurs.

We are excited to announce our partnership with Opolis and the Freelancers Union.. This partnership is a game-changer, crafted with a special mantra in mind: "Benefit Yourself." It's all about providing flexibility and security that aligns perfectly with your unique, independent lifestyle.

ForUsAll: Your Partner in the Freelance Journey

We understand the freelance life is as unpredictable as it is rewarding. Our Solok plan helps you "Benefit Yourself" through every twist and turn. If your income varies, no worries – your retirement contributions can adjust automatically. This plan is your steadfast companion, adapting seamlessly to the ebb and flow of your freelance income.

A Retirement Plan That Moves with Your Rhythm

Our Solok plan isn't just a retirement plan; it's a commitment to your present and future success. With the ability to save up to $66,000 pre-tax or Roth ($73,500 for those over 50), you're not just securing your future – you're empowering your present. Choose from a broad range of investment options, including mutual funds, ETFs, stocks, bonds, and even cryptocurrency. It's all about helping you "Benefit Yourself" with high-quality, low-cost investments that provide additional opportunities for potential growth.

Invest in Your Dreams, Secure Your Future

We know your business is more than just a job – it's your passion. Our plan lets you take loans from your 401k to invest in your business or tide over during lean periods. It's a feature designed to allow you "Benefit Yourself" by investing in your most valuable asset – you and your business.

Simplicity and Support: Our Commitment to You

Joining our plan is as simple as it gets, allowing you to quickly return to what you love doing. We're here to help you "Benefit Yourself" without the hassle, providing support and guidance every step of the way.

Your Future, Your Terms

To all the freelancers and solo entrepreneurs, this partnership is our way of saying, "Benefit Yourself." It's a celebration of your freedom and a pledge to your financial well-being. With ForUsAll, Opolis, and the Freelancers Union, you're not just planning for the future; you're customizing it to fit your unique journey. So embrace the flexibility, and let's make your entrepreneurial dreams flourish. Here's to benefiting yourself in the most empowering way possible!

About the partnership:

It's all about providing flexibility and security designed to align perfectly with your unique, independent lifestyle. Opolis and the Freelancers Union are at the forefront, trailblazing in benefits, payroll, and legislative advocacy to empower freelancers, who represent one of the fastest-growing segments in the workforce. This alliance is dedicated to enhancing the professional lives of freelancers, ensuring they have access to the tools and support needed to thrive in today's dynamic work environment.

Setup a solo 401k
Opolis is the only Member-owned, one-stop employment and benefits platform for freelancers and independent workers in the country.
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About Author -
David Ramirez, CFA

David Ramirez, CFA, is a recognized 401(k) expert with over 20 years of experience in 401(k), ERISA, cash balance plans, and ESOPs. A UC Berkeley graduate, he played a pivotal role at Financial Engines, a 401(k) advisory firm founded by Nobel Laureate William Sharpe, Ph.D., where he was a portfolio manager who helped manage over $50B in 401(k) assets.  His clients included some of the largest Fortune 500 companies and state governments.

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This material has been prepared for informational and educational purposes only and should not be construed as a recommendation by ForUsAll, Inc., its affiliates or employees (collectively, “ForUsAll”)  to activate a cryptocurrency window or invest in crypto.  Investing in crypto can be risky and investors must be able to afford to lose their entire investment.  You should consult with your own advisers before activating a cryptocurrency window or investing in crypto.  ForUsAll does not provide legal, tax, or accounting advice. Please refer to your Plan's fee disclosure for more details.© 2023 ForUsAll, Inc. All rights reserved.
1 Schwab 2022 401(k) Participant Study - Gen Z/Millenial Focus, October 2022.
2 As of 12/31/2022. Employees include both current employees and terminated participants with a balance.
3 "Morgan Stanley At Work: The Value of a Financial Advisor" Morgan Stanley, March 2022.
4 Sarah Britton was a client when she provided this testimonial through an independent third party review website. She received no compensation for her remarks. There are no known conflicts of interest in the provision of her comments related to the services provided.