If just one participant will process the mega backdoor Roth solo 401k conversion (i.e., the conversion of voluntary after-tax funds to the Roth solo 401k), then at least two bank accounts are required (one to hold the solo 401k voluntary after-tax contribution, an a second one to hold the Roth solo 401k funds).
- Step 1: Open After-Tax & Roth Solo 401k Holding Accnts
- Step 1 Continued-open the mega backdoor Solo 401k Bank Accounts
- Step 1 Continued-open mega backdoor Solo 401k Brokerage Accounts
- Step 2: Make the voluntary after-tax solo 401k contribution
- Step 3 Continued-converting from solo 401k brokerage Account
- Step 3: Convert/move the Solo voluntary after-tax contribution to the Roth solo 401k or Roth IRA
- Step 4: Fill Out On-Line Conversion Form to Report the Voluntary After-Tax Conversion to the IRS Using Form 1099-R
- Step 3 Continued-converting from solo 401k Bank Account
- Converting Solo 401k After-Tax Funds to Roth Solo 401k (In-Plan Conversion)



