Using MySolo401k.net Plan Document to Open Self-Directed Solo 401k at Fidelity

With a Self-Directed Solo 401k from MySolo401k.net, you can open a Fidelity brokerage account with checkbook feature. Under this arrangement, you will use MySolo401k.net plan/trust document which not only name you as trustee but also allow for investing in alternative investments such as real estate, promissory notes, precious metals, private placements, etc., in addition to stocks and mutual funds.

If you have an existing plan such as an Individual 401k, Solo k, Solo 401k, PSP already at Fidelity that only allows you to invest in equities, we can assist you in opening a Self-Directed Solo 401k at Fidelity using MySolo401k.net plan document.

Here’s how the process of opening Self-Directed Solo 401k at Fidelity using MySolo401k.net trust/plan document works:

Existing Plan at Fidelity

If you already have existing Plan at Fidelity (e.g., Individual 401k, Solo 401k, KEOGH, Profit Sharing), we will provide you with our Solo 401k trust document, Fidelity Retirement Account Application, and Fidelity Check writing Form.

You will then submit above forms to Fidelity and your existing plan will be transferred internally to your new Self-Directed Solo 401k.

NOTE that a transfer form is not necessary since your existing plan will be transferred internally to new Self-Directed Solo 401k plan using MySolo401k.net trust documents.

Existing IRA at Fidelity

If you already have existing IRA at Fidelity (e.g., Traditional, SEP, or SIMPLE IRA), we will provide you with our Solo 401k trust document, Fidelity Retirement Account Application, Fidelity Check writing Form, and our Transfer form.

You will then submit above forms to Fidelity and your existing IRA will be transferred internally to your new Self-Directed Solo 401k

After your Self-Directed Solo 401k is established using MySolo401k.net plan/trust documents, all administration of the Self-Directed Solo 401k plan is handled by you as Trustee of the plan, with MySolo401k.net assistance (e.g., we offer free preparation for Form 5500 EZ and Form 1099-R as well as Solo 401k participant loan docs).

About Mark Nolan

Each day I speak with energetic entrepreneurs looking to take the plunge into a new venture and small business owners eager to take control of their retirement savings. I am passionate about helping others find their financial independence. Having worked for over 20 years with some of the top retirement account custodian and insurance companies I have a deep and extensive knowledge of the complexities of self-directed 401ks and IRAs as well as retirement plan regulations. Learn more about Mark Nolan and My Solo 401k Financial >>

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