Switch to Carry
Carry vs E-Trade
Contribute up to $66,000 for 2023 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 Carry and you can start making contributions and investing your funds right away.
How does Carry 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. Carry 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 Carry apart from the competition. Many users report having trouble making contributions to E-Trade, while Carry 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. Carry 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 Carry come with a Roth solo 401k, but with Carry you can contribute 3x more into your Roth account, up to $66,000, by using the mega backdoor Roth implementation. This feature is not available on prototype plans like E-Trade.
Do everything through the Carry app
Set elections, make contributions, and invest your funds directly from within the Carry app. The Carry 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.
| Features | Carry Solo 401k | E-Trade Solo 401k |
|---|---|---|
| Cost | $299/year for unlimited investments.* | Free to set up. |
| Roth option | ✅ | ✅ |
| Mega backdoor Roth | ✅ | ❌ |
| Investment options | Any asset class* | Only traditional assets like stocks, mutual funds, ETFs, bonds. |
| Alternative investments | ✅ | ❌ |
| Checkbook control | ✅ | ❌ |
| Rollovers | ✅ | ✅ |
| Invest in crypto | ✅ | ❌ |
| Invest in NFTs | ✅ | ❌ |
| Invest in real estate | ✅ | ❌ |
| Invest in private equity | ✅ | ❌ |
Why users love the Carry Solo 401k
The Carry 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 $66,000 for 2022. You can also choose to contribute up to $22,500 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 $22,500 for 2023. Carry has a mega backdoor Roth solo 401k that allows you to contribute up to $66,000 for 2023 entirely into your Roth account.
A new modern interface
Carry 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 Carry app*.
Access to alternative assets
E-Trade does not let you invest beyond traditional assets. With Carry, 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 Carry 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.
Carry 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 Carry
$5M+
In preseed funding
Built by the team that built:
“The Carry 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
“Carry 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
Sign Up to Carry and get all-inclusive access to all of our products
Carry is an annual membership that includes:
Solo 401k
Ownership of an Carry Solo 401k plan, contribute up to $66,000 for 2023, and invest in any asset class with tax-free compounding.
Education
Access to Carry’s entire library of on-demand finance and business courses (including all summit replays). Plus join in on our live webinars and AMAs with guest experts.
Carry IRAs (Roth + Traditional) You’ll get immediate access to both accounts on any plan**.
Personalized Financial Plans Starting at the end of May, access a custom financial plan built by our financial advisors for your specific financial situation and goals (only available on our Professional Plan)*.
“Ask an Advisor”
Get advice from our team of financial experts (only available on our Professional Plan)*.
Full Support
Onboarding, compliance, and tax-filing support. Get help from our world class support team any time you need assistance.
Basic Plan ($399 $299/year)
Carry Solo 401k Plan
Carry IRAs (Traditional + Roth)†
Security & compliance monitoring, full onboarding support and account administration assistance.
On-demand courses uploaded regularly on a variety of personal + business finance topics
Live events with financial guest experts, both workshops and AMA style conversations
Professional Plan ($999 $499/year)
Carry Solo 401k Plan
Carry IRAs (Traditional + Roth)†
Security & compliance monitoring, full onboarding support and account administration assistance.
On-demand courses uploaded regularly on a variety of personal + business finance topics
Live events with financial guest experts, both workshops and AMA style conversations
Plus: Personalized financial plan)◊
Plus: Access to “Ask an Advisor”◊
Sign Up to Carry and get all-inclusive access to all of our products
Carry is an annual membership that includes:
Solo 401k
Ownership of an Carry Solo 401k plan, contribute up to $66,000 for 2023, and invest in any asset class through your plan with tax-free compounding.
Education
Access to Carry’s entire library of on-demand finance and business courses (including all summit replays). Plus join in on our live webinars and AMAs with guest experts.
Carry IRAs (Roth + Traditional) You’ll get immediate access to both accounts on any plan.†
Personalized Financial Plans Starting at the end of May, access a custom financial plan built by our financial advisors for your specific financial situation and goals (only available on our Professional Plan).◊
“Ask an Advisor”
Get advice from our team of financial experts (only available on our Professional Plan).◊
Full Support
Onboarding, compliance, and tax-filing support. Get help from our world class support team any time you need assistance.
Basic Plan ($299/year)
Carry Solo 401k Plan
Carry IRAs (Traditional + Roth)†
Security & compliance monitoring, full onboarding support and account administration assistance.
On-demand courses uploaded regularly on a variety of personal + business finance topics
Live events with financial guest experts, both workshops and AMA style conversations
Professional Plan ($999/year)
Carry Solo 401k Plan
Carry IRAs (Traditional + Roth)†
Security & compliance monitoring, full onboarding support and account administration assistance.
On-demand courses uploaded regularly on a variety of personal + business finance topics
Live events with financial guest experts, both workshops and AMA style conversations
Plus: Personalized financial plan◊
Plus: Access to “Ask an Advisor”◊