MySolo401k vs Ubiquity Solo 401(k)
Side-by-side comparison of MySolo401k and Ubiquity Solo 401(k) plans for freelancers — fees, features, and which one fits your needs.
| Feature | MySolo401k | Ubiquity |
|---|---|---|
| Setup Fee | $650 | $285 |
| Annual Fee | $125/yr | $228/yr |
| Roth Option | ||
| Crypto | ||
| Alt Investments | ||
| Self-Directed | ||
| Loans | ||
| Mega Backdoor | ||
| Investment Options | Stocks, crypto, real estate, private equity, tax liens | Stocks, ETFs, mutual funds |
| Best For | Full self-directed control with checkbook access | Full-service managed plan with loan access |
MySolo401k
PROS
- Checkbook control
- Invest in anything
- Loans available
CONS
- $650 setup
- Complex compliance
- DIY management
Ubiquity
PROS
- Managed service
- Loans available
- Mega backdoor Roth
CONS
- $228/yr fee
- No crypto
- No self-directed
The Verdict
MySolo401k wins on both price and features compared to Ubiquity.
MySolo401k costs $1275 over 5 years vs $1425 for Ubiquity — a $150 difference.
MySolo401k offers 5 advanced features vs 2 for Ubiquity.
MySolo401k is the better choice for most freelancers — lower cost with equal or better features.
Frequently Asked Questions
Which is better for freelancers, MySolo401k or Ubiquity Solo 401(k)?
MySolo401k wins on both price and features compared to Ubiquity. MySolo401k is the better choice for most freelancers — lower cost with equal or better features.
How much does MySolo401k vs Ubiquity Solo 401(k) cost?
MySolo401k charges $650 setup and $125/yr annually ($1275 over 5 years). Ubiquity charges $285 setup and $228/yr annually ($1425 over 5 years). MySolo401k costs $1275 over 5 years vs $1425 for Ubiquity — a $150 difference.
Can I invest in crypto with MySolo401k or Ubiquity Solo 401(k)?
Only MySolo401k supports crypto investing. Ubiquity limits you to traditional investments like stocks, etfs, mutual funds.
Does MySolo401k or Ubiquity offer loans and self-directed investing?
MySolo401k allows participant loans (up to 50% of balance or $50,000). Ubiquity allows participant loans (up to 50% of balance or $50,000). MySolo401k supports self-directed investing including real estate and alternative assets.