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Updated over 4 years ago on . Most recent reply
Solo 401 (k) Bank Recommendations
For those with a Solo 401 (k), what banks are you using?
Any tips on funding or setting things up?
Most Popular Reply
Dmitriy Fomichenko
#1 New Member Introductions Contributor
Tax & Financial Services
Pro Member
#1 New Member Introductions Contributor
- Solo 401k Expert
- Anaheim Hills, CA
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Dmitriy Fomichenko
#1 New Member Introductions Contributor
Tax & Financial Services
Pro Member
#1 New Member Introductions Contributor
- Solo 401k Expert
- Anaheim Hills, CA
If he has a truly self-directed Solo 401k plan then the bank or the brokerage does not dictate investment choices, this plan allows you to invest into virtually anything and which is permitted in the plan documents. Of course you must abide by the IRS rules to stay away from "prohibited transactions".
We recommend Solera bank, Solo 401k bank accounts are their specialty, they have a department dedicated to 401k/IRA clients. Reach out to @Kreighton Reed VP of the bank, he can provide you with further help.
- Dmitriy Fomichenko
- (949) 228-9393
Sense Financial Services LLC
166 Reviews
4.9 stars