Self-trustee 401k | IRS Language | 401k Plan Document

QUESTION: Do you know where in the IRS code or website I can find language that confirms I can self-trustee a 401k?

Thanks,

Angela in Virginia

ANSWER: Yes the following link to the IRS provides specific language surrounding the option for the business owner to self-trustee his or her own 401k.

https://www.irs.gov/retirement-plans/plan-sponsor/401k-resource-guide-plan-sponsors-starting-up-your-plan

Further, the solo 401k plan documents adopted through your solo 401k provider will contain an entire section covering the specific roles of the 401k trustee including the following:

Responsibility to look after the assets of the solo 401k plan

Responsibility to manage the assets of the solo 401k plan

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