Solo 401(k) Setup & Maintenance Info

The Importance of Reviewing Your Specific Situation

You’ll see a list below of different parts that make up the Solo 401(k) we provide, but its important to keep in mind that an IRS compliant Solo 401(k), is more complex that just a stack of forms. It’s also important to ensure that your structure is not only set up correctly from the start, but set up in a way that is most advantageous to you from a tax-planning perspective, an estate planning perspective, and in such a way that you are able to maximize your contributions to the plan.

We try to spend a lot of time talking with clients about their situation before we proceed with a Solo 401(k). We do this, because of what I just said above – its important. And, its far easier to do things right the first time than to try to patch things up after the fact. The reason why I’m blathering on about this is to make sure to impress upon you not only the importance of ensuring you take the time at the beginning to get the most out of the various ways to set up the Solo 401(k), but also to make sure you understand that we are here to help you figure out the best way of doing things.

What’s Included

• Solo 401(k) Adoption Agreement
• Solo 401(k) Trust Agreement
• Solo 401(k) Plan Document
• IRS Opinion / Determination Letter
• Beneficiary Designation
• Successor Trustee Designation
• Entity Type Adoption
• Solo 401(k) Participant Loan Forms
• Transfer/Rollover Forms
• Assistance in opening a hybrid checking/brokerage account with Fidelity, Charles Schwab, E*Trade or Morgan Stanley
• A Binder with all Plan Documents and Administrative Forms, delivered via FedEx

We also help you roll over, or transfer your current retirement plan, and make sure it is done in such a way that is non-taxable.

All customized 401(k) plans that are specifically reviewed and approved by the IRS are proprietary, and ours are no different. Along with the licensing requirements, you’ll want to make sure your plan remains in compliance. As changes are made to the code each year, as contribution limits change, and as IRS & DOL letter rulings and advisory opinion letters refine retirement law, you’ll need to make sure your plan documents keep up with these changes.

Thankfully you won’t have to keep up on all those changes – we’ll do it for you.

Whenever there’s a change, or whenever your plan requires an amendment, we’ll do the work for you, and send you the forms so that all you have to do is sign.

Our charge for yearly licensing of the plan documents, and amendments is $200.

You can always call us with any questions you may have. Should you have a particularly complex transaction or tax question that we can’t help with, we’ll be happy to put you in touch with our attorney or CPA.

We understand what it’s like to have the kinds of questions you probably have about the Solo 401(k) structure. Even if you’ve been spending time on our site, and have familiarized yourself with the basics, you’ll still scratch your head occasionally when it comes to specific investments, or the ins and outs of a particular investment you may have in mind.

Since 2004, we’ve been proud to maintain an open-door policy with all clients. Have a question? Just ask us. We’ll be happy to help you with whatever questions you have, and clear up any confusion. Need a CPA for a sticky tax question? If we can’t help you, we’ll turn you over to an excellent CPA we work with. Need an attorney who is an expert in IRA law to draw up a contract, or look at a complex transaction? Again, if we can’t help you fully, we’ll turn you over to an attorney we work with, who specializes in IRA and ERISA law.

We want to ensure you have what you need, so you’re able to rest easy knowing if you have an issue that requires expert attention, we will be there for you. If it’s something we can’t handle, we’ll put you in touch with someone who can.

We are proud of our perfect A+ Better Business Bureau rating. We’ve never even had a complaint.

Click here to review our company on the Better Business Bureau website.