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What to Expect

Solo 401(k)

Here’s what to expect as you begin the process of setting up a Solo 401(k), from submitting your application and funding your 401(k) to setting up your LLC and investing with your new plan.
The following timelines are based on standard non-expedited selection. You can premium expedite (within 24 hours) for one or more processes ($200 each) or standard expedite (within 48 hours) for one or more processes ($75 each).
  1. The application will go into a queue to be reviewed. A new account specialist will call you within 3-5 business days if items are missing, filled out incorrectly, or need further follow up.
  2. Once the application is complete and correct, an account number will be assigned within 3-5 additional business days. The account number will be emailed to you by [email protected].
  3. The transfer form will be submitted to the Transfer Department, or instructions to complete a Rollover or contribution will be emailed to you with your account number.
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Learn How does the Self Directed Coverdell ESA work

If you selected Rollover on your application, please contact your previous custodian to ask them to rollover or send funds to IRAFTC. Please complete a Deposit Form on our app and provide a current statement from the other custodian to accompany the incoming wire or check. The funds will be on hold until we receive them. If a Letter of Acceptance is needed, IRA Financial can provide upon request.

If you selected Contribution on your application, please send a deposit form when you wire funds or send a check to your Solo 401(k) as a current year or previous year contribution.

We take care of everything for you when you first start by opening a Complete Care Checking Account. If you would like to use other options after this account is open, please inquire with our entities team how to start the process.

Complete Care Checking Account

Opened at Capital One

Can be opened in 24 hours

No fees

$1 minimum balance requirement

No checkbook/debit card

We handle all wires/banking transactions

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  1. After you are notified that your new Solo 401(k) account has been funded, please complete the 401(k) Transfer form through our app to enter the investment info and funding instructions so IRA Financial can fund your Solo 401(k) investment.
  2. Compliance will review the investment within 3-5 business days of receiving it.
  3. An IRA Financial team member will call for verbal verification before we send the funds. The number will come from a 605-area code.
  4. The Solo 401(k) investment is funded.
Investing your retirement funds in alternative assets is not just a choice, it’s a movement. One that offers the possibility of greater choice, independence, and retirement wealth for everyone. Thank you for joining us. Your retirement future is as bright as you want it to be!