Do I need to use a special financial institution to open the 401(k) Plan bank account?
No. You can use any bank (i.e. Chase, Wells Fargo, Citibank, Bank of America, etc.) or any local credit union to open your new 401(k) Plan bank account. The IRA Financial Group has close working relationships with a number of the largest banks, such as Chase, to ensure that your new 401(k) Plan bank account bank is opened correctly and quickly. The retirement tax professionals at the IRA Financial Group will guide you through this process to assist you in opening your new 401(k) Plan bank account.