RECORD AN INCOMING ROLLOVER

This form can be used to record when funds are rolled into the Solo 401(k) from an IRA (Traditional, SEP, SIMPLE) or other qualified plan such as an old 401(k), 403(b), TSP, etc…  Remember, you CANNOT roll a Roth IRA into your Solo 401(k).

USEFUL LINKS

Things to consider:

This form serves two purposes: 1.) to record an incoming rollover to the Solo 401(k), and 2.) to establish that the rollover is accepted by the Trustee of the Solo 401(k).  This is an internal form; no need to send this to anyone.

Remember:

  • A Roth IRA CANNOT be rolled into a Solo 401(k).
  • When rolling funds into your Solo 401(k), it is always best to do a “direct rollover”, so that the rollover check from the Custodian of your other account is made payable to the Solo 401(k), not to you.
  • If you are doing a 60-day rollover, remember that you can only do a 60-day rollover once every 12 months.