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
2 Comments
Hi,
Can the rollover check be deposited in a Charles Schwab branch, or must it be mailed into the Operations Center?
I’m thinking there is less chance of it getting lost in the mail by taking it to the branch.
Thanks
Eric
I and yes it may also be deposited at the local Charles Schwab branch.