This is a qualified plan for those who own or run a business which has no employees. A Solo 401k offers the same abilities as an IRA LLC, but without having to hire a custodian or create an LLC.

• Invest into private companies, precious metals, real estate, and virtually anything else
• Transfer existing retirement funds into this new plan (anything that could be transferred into an IRA)
• Make new contributions

The Solo 401k offers several unique benefits above and beyond the IRA LLC:

• No need to hire a custodian. While IRA & 401k plans are both technically trusts, only IRAs require a bank or trust company to serve the role of trustee. As a qualified plan, a 401k carries no restrictions on who can serve as trustee. For a self directed plan, naming yourself as trustee offers simplicity, reduced cost, and the comfort of not needing to place trust in another person or financial institution.
• No need to establish an LLC. You have checkbook control built in without having to form an LLC. An LLC is a state granted privilege, and often carries state requirements for fees, filings, and taxes. A Solo 401k trust is not a state granted entity and does not produce the administrative burdens of an LLC.
• Maximum contribution limits nearly 10X higher than the IRA. Contribute up to $49,000 per year or $54,500 if you are over age 50. If your spouse is involved in the business, they can contribute an additional $49,000 (or $54,500) per year.
• Borrow money from your retirement funds. Take a loan up to $50,000 (or 50% of account value) for any reason. The loan must repaid over a term of up to 5 years.
• Roth subaccount with no income restrictions. Your Solo 401k documents will be prepared to allow for a Roth subaccount which can accept contributions of $15,500 per year or $20,500 if you are over age 50. Roth funds grow tax free and aren’t taxed when distributed later in retirement years. Unlike a Roth IRA, the Designated Roth Account of a Solo 401k doesn’t place restrictions on those with high incomes.
• UBIT/UBTI/UDFI Exempt. Generally retirement accounts do not pay income or gains taxes, but when an IRA owns real estate that carries mortgage debt, a special trust tax is triggered. This is called UDFI tax (Unrelated Debt Financed Income) and is a type of UBTI tax (Unrelated Business Taxable Income). Solo 401k plans are exempt from UDFI. Nabers Group was the first self directed plan provider to announce this discovery.

Our establishment services include:

• Adoption Agreement
• Basic Plan Document
• EGTRRA Amendment
• Summary Plan Description
• Trust Agreement
• Appointment of Trustee
• Action by Board of Directors
• Beneficiary Designation
• Loan Procedure
• Election Not To Participate
• Up to 5 Transfer Request Forms for incoming funds transfers

Your binder will also include…

• Newly assigned Employer Identification Number from the IRS
• IRS Determination letter stating that this is a Prototype Plan that meets the requirements of a qualified plan.
• Banker/Broker Instruction Letters to make the opening of trust accounts simple and easy

We will also assist you in opening your bank trust account(s) and executing your incoming transfers from existing funds. Thus far, our customers have had a 100% success ratio in opening their trust accounts and completing their transfers.

Call now for a free consultation… 877-903-2220