The following flow chart provides a visual representation of how our Solo 401(k) Plan is constructed.

A Solo 401(k) Plan consists of two main components: 1) the plan documents which describe how the plan works and 2) the trustee who administers plan funds and directs plan investments.

Our attorney creates a flexible and powerful 401(k) plan document that allows you the fullest range of investment opportunities allowed by law.

With a Solo 401(k), you serve as trustee for the plan. You will establish a trust account for the 401(k) plan at the bank of your choosing. From this bank trust account, you can direct the investment activities of your 401(k) plan simply by writing a check. As with our Self Directed IRA LLC, you have checkbook control over investment decisions and are not reliant on a 3rd party custodian or administrator.

We will provide the proper documents to facilitate transfers from your existing retirement plan(s) into the new 401(k) trust account, and will assist with this process as necessary.

The Solo 401(k) allows for significant tax deferred contributions in the form of employee contributions (from your income) and employer profit sharing contributions (from your business).

You may take a loan from your 401(k) for up to 5 years.