An Individual 401(k) Plan allows a self-employed individual (and their spouse), to make highest possible retirement contributions.
Please review the Individual 401(k) Profit Sharing Plan Basic Plan Document (PDF) before completing the Adoption Agreement and Employer-Sponsored Retirement Plan Information and Services Agreement.
Keep the original Adoption Agreement (PDF) and send a copy to T. Rowe Price. Original Adoption Agreements submitted will not be retained. We will only retain an electronic copy.
The Information and Services Agreement (PDF) allows you to set up your account with T. Rowe Price and set up online account access via Plan Sponsor Web (PSW).
Use the Participant Account form (PDF) for yourself and your spouse (if applicable) to specify the mutual fund(s) in which you'd like to invest.
This form allows you to transfer money from another Individual 401(k) plan to your T. Rowe Price Individual 401(k) Plan.
This form allows you to roll over assets from a former employer's 401(k) or other eligible retirement plan.
A unique Operator ID will be mailed to you once your application has been processed. It should arrive within 7 to 10 days.
Once you've received your Operator ID and temporary password, you can access Plan Sponsor Web, which allows you to administer your plan online.
A retirement account should be considered a long-term investment. Retirement accounts generally have expenses and account fees, which may impact the value of the account. Early withdrawals are subject to taxes and possible penalties. For more detailed information about taxes, consult a tax attorney or accountant for advice.