How to Deposit a Rollover Check Into the Charles Schwab Brokerage Account for the Self-Directed Solo 401k

If you used Charles Schwab for the self-directed solo 401k (aka company retirement brokerage account-CRM), the following rollover check deposit procedure applies: 

1. In the memo section of the rollover check, write the Charles Schwab brokerage account number for the designated pre-tax brokerage account of the self-directed solo 401k.  
 
2. On the back of the check sign your name.
After you sign, write, Trustee of “list the name of your self-directed solo 401k”
Then write For Deposit Only.
Then write the Charles Schwab brokerage account number for the self-directed solo 401k  pre-tax designated brokerage account.
 
IMPORTANT Note: repeat the above if you also received a rollover/transfer check for Roth 401k former employer funds but make sure to reference the Roth self-directed solo 401k brokerage account instead of the pretax one so that the funds get deposited into the correct brokerage account.
 
3. Then overnight the rollover check to Schwab Operation Center located in one of the following centers depending on the closest location to you.
 
Overnight Mailing Address
Charles Schwab & Co., Inc.
El Paso Operation Center
1945 Northwestern Drive
El Paso, TX 79912
 
Overnight Mailing Address
Charles Schwab & Co., Inc.
Orlando Operation Center
1958 Summit Park Dr., Ste. 200
Orlando, FL 32810

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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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