Carry vs MySolo401k Solo 401(k)
Side-by-side comparison of Carry and MySolo401k Solo 401(k) plans for freelancers — fees, features, and which one fits your needs.
| Feature | Carry | MySolo401k |
|---|---|---|
| Setup Fee | $299 | $650 |
| Annual Fee | $299/yr | $125/yr |
| Roth Option | ||
| Crypto | ||
| Alt Investments | ||
| Self-Directed | ||
| Loans | ||
| Mega Backdoor | ||
| Investment Options | Stocks, ETFs, crypto via Coinbase/Gemini | Stocks, crypto, real estate, private equity, tax liens |
| Best For | Crypto holders who want a simple setup | Full self-directed control with checkbook access |
Carry
PROS
- Easy crypto investing
- Mega backdoor Roth
- Clean interface
CONS
- $299/yr fee
- No loans
- No real estate
MySolo401k
PROS
- Checkbook control
- Invest in anything
- Loans available
CONS
- $650 setup
- Complex compliance
- DIY management
The Verdict
MySolo401k wins on both price and features compared to Carry.
MySolo401k costs $1275 over 5 years vs $1794 for Carry — a $519 difference.
MySolo401k offers 5 advanced features vs 4 for Carry.
MySolo401k is the better choice for most freelancers — lower cost with equal or better features.
Frequently Asked Questions
Which is better for freelancers, Carry or MySolo401k Solo 401(k)?
MySolo401k wins on both price and features compared to Carry. MySolo401k is the better choice for most freelancers — lower cost with equal or better features.
How much does Carry vs MySolo401k Solo 401(k) cost?
Carry charges $299 setup and $299/yr annually ($1794 over 5 years). MySolo401k charges $650 setup and $125/yr annually ($1275 over 5 years). MySolo401k costs $1275 over 5 years vs $1794 for Carry — a $519 difference.
Can I invest in crypto with both Carry and MySolo401k?
Yes, both Carry and MySolo401k support cryptocurrency investing in their Solo 401(k) plans. Carry offers Stocks, ETFs, crypto via Coinbase/Gemini. MySolo401k offers Stocks, crypto, real estate, private equity, tax liens.
Does Carry or MySolo401k offer loans and self-directed investing?
MySolo401k allows participant loans (up to 50% of balance or $50,000). Carry supports self-directed investing including real estate and alternative assets. MySolo401k supports self-directed investing including real estate and alternative assets.