Flexibility: This plan does not require employers to contribute each year, which is ideal for businesses with changing profits. To qualify for a Solo 401(k), you must be selfemployed or own a small business with no employees other than a spouse.Find out what to do if your employer doesn't offer a 401(k) retirement savings plan, including alternative investment options. Houston, TX Retirement Plan Consultants. Partner with Correct Capital Wealth Management for personalized retirement plan consulting in Houston. From traditional and Roth IRAs to SEP IRAs, SIMPLE IRAs and solo 401(k)s, selfemployed individuals can find a plan that suits their needs. Each tax year, you may be required to fill out Form 5500, depending on the type of plan you choose. When you use our retirement planning services, you benefit from our in-depth knowledge and years of retirement planning experience.