Types of Accountst That Can Be Transferred to a Solo 401(k)

Not only has the self-employed solo 401k become the retirement account of choice for the self-employed because it allows for both employee and employer contributions (whereas the SEP IRA only allows for employer contributions), the solo 401k is also versatile because virtually every type of retirement account and most IRAs may transferred into it.

All of the following types of retirement funds may transferred/rolled into a Solo 401k plan.

• Traditional IRAs
• SEP IRAs
• Rollover or Conduit IRAs
• SIMPLE IRAs
• SIMPLE 401(k) Plans
• 401(k) Plans
• Profit Sharing Plans
• Money Purchase Pension Plans
• Defined Benefit Plans
• Government 457(b) Plans
• 403(b) Plans
• 401(a)
• TSP government plans
• Pension Plans

However, ROTH IRAs may not be transferred to a 401k including a solo 401k plan. This is a ROTH IRA restriction.

CLICK HERE  to learn more about the solo 401k rules.