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Ocho Solo 401k vs E-Trade Solo 401k

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Ocho vs E-Trade

Contribute up to $61,000 for 2022 and invest your funds in any asset class, including alternative assets, all with no fees on your assets under management. It takes just 10 minutes to set up your account with Ocho and you can start making contributions and investing your funds right away.

How does Ocho compare with E-Trade’s Solo 401k?

E-Trade offers a solid solo 401k plan with no set up fees, but doesn’t allow you to invest in alternative assets. You can invest in a wide range of traditional assets, with most having zero or low fees, but some mutual fund trades and broker-assisted trades could come with high fees. Ocho offers a self-directed plan that lets you invest in alternative assets like real estate, crypto, and private equity. The sign up process, user experience, and integrated platforms are what really stand Ocho apart from the competition. Many users report having trouble making contributions to E-Trade, while Ocho is known for having the most modern, smoothest user experience out of all providers.

Set up your account in under 10 minutes

It’s never been easier to set up a solo 401k. Ocho reimagined the sign up experience. Instead of reading through and signing 50+ pages of paperwork, you can sign up in under 10 minutes. If you have trouble, support is readily available to assist you.

Mega backdoor Roth

Both E-Trade and Ocho come with a Roth solo 401k, but with Ocho you can contribute 3x more into your Roth account, up to $61,000, by using the mega backdoor Roth implementation. This feature is not available on prototype plans like E-Trade.

Do everything through the Ocho app

Set elections, make contributions, and invest your funds directly from within the Ocho app. The Ocho solo 401k experience is like none other, with a beautiful, intuitive user dashboard, and thoughtfully crafted interface so that you never get confused or make mistakes.

FeaturesOcho Solo 401kE-Trade Solo 401k
Cost$299/year for unlimited investments.Free to set up.
Roth optionYesYes
Mega backdoor RothYesNo
Investment optionsAny asset classOnly traditional assets like stocks, mutual funds, ETFs, bonds.
Alternative investmentsYesNo
Checkbook controlYesNo
RolloversYes, from most retirement plansYes, from most retirement plans
Invest in cryptoYesNo
Invest in NFTsYesNo
Invest in real estateYesNo
Invest in private equityYesNo

Why users love the Ocho Solo 401k

The Ocho Solo 401k is a completely re-imagined solo 401k experience offering the best features business owners want out of a retirement plan. You get the highest contribution limits, a Roth option, the ability to invest in any asset class, and no fees on your money under management.

A mega-sized contribution limit

Make contributions up to $61,000 for 2022 and $66,000 for 2023. You can also choose to contribute up to $20,500 of the limit into a Roth solo 401k and enjoy tax-free withdrawals in retirement.

Up to $61,000 in Roth contributions

The yearly Roth solo 401k contribution limit is $20,500 for 2022 and $22,500 for 2023. Ocho has a mega backdoor Roth solo 401k that allows you to contribute up to $61,000 for 2022 and $66,000 for 2023 entirely into your Roth account.

A new modern interface

Ocho has the best, most intuitive user experience you’ll ever have with opening and investing your solo 401k account. You can open an account entirely online in under 10 minutes, and make contributions and invest you funds directly within the Ocho app.

Access to alternative assets

E-Trade does not let you invest beyond traditional assets. With Ocho, besides investing in stocks, mutual funds, ETFs, and bonds, you can also invest in alternative asset classes like crypto, NFTs, real estate, precious metals, and private equity.

Best in class customer support

The Ocho team is always readily available to help you in case you have questions or need assistance. You also get full onboarding support when you create your account, and maintenance support to make sure that you’re in compliance each year.

Ocho is trusted and backed by the world’s top entrepreneurs, creators and money experts.

“The level of insight you get in terms of your money management is not something I’ve seen on any other apps I’ve used.”

3500

Early Stage Users

100+

Startup founders have invested in Ocho

$5M+

In preseed funding

Built by the team that built:

“The Ocho Solo 401k is a retirement plan so powerful and flexible that it feels like you’re getting access to a tax loophole.”

Elizabeth Yin
Cofounder, Hustle Fund

“Every business owner, creator, and self-employed person should have one. The benefits and tax savings each year are a no-brainer.”

Sebastian Fung
Owner, Ask Sebby

“Ocho built something I’ve wanted to exist for a long time – the modern solo 401k with all the best features and full admin support.”

Nate O’Brien
Investor & YouTuber

Transparent pricing with no AUM fees

Unlike other money managers, we charge zero fees on your money under management (AUM) and do not receive any kickbacks from any products we recommend.

All income levels and all business entities eligible

Any business owner, freelancer, creator, or even full-time employees with a side hustle can open a solo 401k. The only requirement is that you have no full-time W-2 employees that work over 1,000 hours in your business (excluding your spouse). There are no income limits – you’re eligible whether you make over $1M or operate a small side hustle.

One plan that fits all your needs.

$299 Annually

The Ocho Solo 401k Plan Comes With

  • Ownership of an Ocho Solo 401k Plan.
  • A Roth solo 401k account
  • Security & compliance monitoring.
  • Personalized investment plan & recommendations.
  • Support for a mega backdoor Roth conversion.
  • A delightfully simple all-in-one investment platform.
  • Full onboarding support and account administration assistance.
  • Integrated bank & brokerage accounts (coming soon).
  • Rollover support from other retirement plans that you already own.
  • Access to any investment options, with full checkbook control (coming soon).