Solo 401(k) Setup
3 articles
How is my Solo 401(k) named?
Your Solo 401(k) is named based on your business entity name. We use standard naming conventions when creating new plans. Why does the naming follow this convention? The IRS and plan counterparties such as banks, brokerages, and investment sponsors ...
How do I open a bank account for my Solo 401(k)?
Open a trust or commercial account using the plan trust's EIN, provide your Trust Agreement or Certificate of Trust, and sign as trustee. The account belongs to the plan trust, not to you personally. Your account application with our partner bank is ...
What are the different roles in a Solo 401(k)?
A Solo 401(k) assigns seven distinct roles, and as the business owner and account holder you personally fill most of them. Knowing which role you are acting in determines which form you sign, which records you keep, and who ultimately inherits the ...