Solo 401k

Can the solo 401k plan accept rollover of assets from another old employer sponsored 401k or a Defined Benefit Plan?

January 5, 2023 | By Mark Nolan

Yes, as a solo 401k plan is often used to consolidate form employer plans and IRAs. Yes the solo 401(k) allows for transfers from former employer plans which also includes defined-benefit plans and former employer 401(k) plans in addition to IRAs. Assuming these are pretax funds, they would get transferred to the pretax solo 401k.

About Mark Nolan

Each day I speak with energetic entrepreneurs looking to take the plunge into a new venture and small business owners eager to take control of their retirement savings. I am passionate about helping others find their financial independence. Having worked for over 20 years with some of the top retirement account custodian and insurance companies I have a deep and extensive knowledge of the complexities of self-directed 401ks and IRAs as well as retirement plan regulations. Learn more about Mark Nolan and My Solo 401k Financial >>

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