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Different Types of Solo 401k Services

Solo 401(k) Services

With IRA Financial Group, you no longer have to spend $2,500 – $5,000 or more to set up your Solo 401k. Our Solo 401k Services include all the documents you need to set up your new plan, and fund it. We’re on top of any changes made by the Internal Revenue Service and we will make sure your Solo 401k is always IRS-compliant.

IRA Financial Group provides Full Service Custom Retirement Solutions for significantly less than any company in the industry!

Solo 401k Services

Our one time low fee includes the following Solo 401k services:

  • Free tax consultation with our Retirement Specialists
  • Adoption Agreement
  • Basic Plan Document
  • EGTRRA Amendment
  • Summary Plan Description
  • Trust Agreement
  • Appointment of Trustee
  • Beneficiary Designation
  • Loan Procedure
  • Loan Promissory Note
  • Free tax updates
  • Free tax and ERISA support
  • Satisfaction Guaranteed!

For more information, review our Solo 401k service page.

Not All Solo 401k Plans Are the Same

If you attempt to open a self-directed 401k plan at a bank or financial institution, you will be provided with complimentary documents to open an account. However, banks and financial institutions dictate what you can and cannot do with the plan. For example, you will most likely only be allowed to make pre-tax contributions. Furthermore, you will be limited to the investment options the bank or financial institution offers, which are generally financial options like bank CDs and mutual funds.

Some retirement investors may be fine with this setup, as the plan still allows for higher annual contributions. However, for the investor who wants to branch out of traditional investments into alternative assets, a self-directed 401k plan at a bank or financial institution is not the ideal solution. A truly self-directed Solo 401k plan gives you more investment choices. Rather than investing in a variety of traditional assets, you can also invest in real estate, precious metals, tax liens, cryptocurrency and alternative assets.

At IRA Financial Group, we are a Self-Directed facilitator that works with a passive custodian to administer your retirement account. We are not in the business of selling financial products or offering investment advice. As a result, the Solo 401k plan documents we provide offer more flexible retirement and investment options.

The IRA Financial Difference

IRA Financial Group will take care of everything. The whole process can be handled by phone, email, fax, mail or with the new IRA Financial app. With our app, you can quickly and securely establish your plan, rollover assets from one plan to another, perform basic maintenance and make investments on your mobile device. Get started with app today. Before getting started, we encourage prospective clients to download our free Solo 401k information kit.

Call us directly at 800-472-0646 to learn more about the Solo 401k services we provide.

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