Quest Trust Suddenly Closed down Administration on their Solo 401K Plans

[Tina Artigliere]

I was impressed by Quest Trust when I went to their Expo in September of 2022.  Based on speaking with them their, I paid a rather hefty fee to transfer my solo 401K to them and have it reinstated and the fee covered this plan for 6 years.  Out of the blue yesterday, I get an email that they closed my account.  They said it's administratively unfeasible to continue as my plan provider.  I'm just a bit shocked and disappointed they could just close down my account and force this chaos on me to find another provider ASAP or face potential tax consequences and loss of my qualified status.  I'm hoping they refund the fee that was supposed to be good for 6 years since I'm not even at a full 2 years with them.  I guess I'm looking for anyone's recommendations on who they use for their solo 401K...  I prefer a custodian to an administrator.  This is my 2nd bad experience with an administrator and I'd really like to keep my account in one place!