| | MySolo401k | Competition |
|---|
| Setup Fee | $650 (also covers first 12 months annual fee) | Up to $800 & up |
| Annual Fee-Compliance Support | $125 | Up to $200 & up per year |
| Flat Fee-no hidden fees | | ??? |
| Same Day Solo 401k Setup Documents | | ??? |
| Obtain employer identification number (EIN) for the solo 401k | | ??? |
| IRS-approved plan including favorable determination letter | | ??? |
| Bank Account setup at the Bank of Your Choosing | | ??? |
| Free Brokerage Account with checkbook control (e.g. Fidelity, Schwab, TD Ameritrade, etc.) | | ??? |
| Prepare Transfer/Rollover forms to ensure proper tax reporting | | ??? |
| Prepare required 401k participant loan documents for multiple loans | | ??? |
| Computation of Plan Contribution Amounts | | ??? |
| Unlimited expert consultation support regarding investment rules (e.g. real estate, notes, precious metals, etc.) | | ??? |
| Access to Senior Compliance Team including Harvard Law Attorney & Compliance Officer with 20+ years of industry experience | | ??? |
| Annual Plan Compliance Support | | ??? |
| Form 5500-EZ preparation | | ??? |
| Mandatory Plan Updates & Amendments including required 2020 Required IRS plan update | | ??? |
| 1099-R Distribution Reporting | | ??? |
| 1099-R In-Plan Conversion and Voluntary After-Tax Reporting | | ??? |
| 10+ years experience | | ??? |
| 8+ years Better Business Bureau (BBB) accreditation | | ??? |
| 100+ 5-star verified BBB reviews with ZERO complaints | | ??? |
| Saturday Hours | | ??? |
| Rated as Top Solo 401k Provider by multiple third-party reviewers | | ??? |
| Audit & Compliance Guarantee | | ??? |
| Monthly Client Only Webinars | | ??? |
| Free membership to My Community and link to your own website, and create your own business/expertise page to share with other members. | | ??? |
