Solo 401k Plan
We compose a customized (IRS approved) solo 401k plan (a.k.a. self-directed solo 401k with checkbook & wire control) for you.
Trust
The plan that we compose contains a Trust, which appoints you as the trustee of the solo 401K – allowing you to make all investment choices & decisions.
Checking account
We help you establish a checking account (in the name of the Trust) at any bank of your choosing. This checking account will be used for placing all investments or loans for your Solo 401k (we assist you through this process, but never have access to your account or funds). Alternatively, we can assist in establishing a brokerage account with checkbook control and solo 401k loan feature at Fidelity, Schwab or TD Ameritrade.
Funding/ Rollover
You will fund your Solo 401K by making an initial tax-deductible contribution or by transferring funds from one or more of your existing retirement accounts or IRA into the new checking account. After you Open Solo 401k, we can facilitate the movement of funds to your new account at no extra cost.
Investing
You can begin investing your retirement funds directly into alternative (and traditional) investments – by simply writing a check.
Note: A Solo 401k is commonly referred to as a Single K or Solo K Plan.
My solo 401k at a glance
Trustee
Our Solo 401k Plan designates you as the Trustee of your account, permitting you to make all investment decisions.
Investment options
As Trustee of your Solo 401k, our plan grants you complete freedom to invest in all traditional and alternative investment types. This affords you the option to invest your account when you want.
Checking account
As the Trustee of your Solo 401k, you will open a checking account for your plan at any bank of your choosing. You will then be able to place investments by simply writing a check.
Personal loans
Our Solo 401k allows you to take multiple, nontaxable personal loans up to $50,000 from your plan.
Company assets
Our Solo 401k allows you to contribute certain company assets into your Plan.
Free investment facilitation
Optional: We will review and facilitate your alternative investment purchases at no additional cost.
