Often called IRS Solo 401k because the IRS ultimately approves the Solo 401k plan document by issuing IRS opinion letter, IRS Solo 401k is just another name used to refer to Solo 401k.
Many also refer to Solo 401k as IRS Solo 401k since the IRS has issued official language through its website that allows the business owner to serve as trustee of his or her own Solo 401k plan.
Following is language from IRS website detailing trustee responsibilities:
IRS Language
"Trusts and trustees. 401(k)
plans are funded through a trust established to hold and invest the plan’s
assets. At least one trustee is appointed to have responsibility for the
activities of the trust and its assets. This is a serious responsibility with
considerable potential for liability. Trustees might include the business
owner, an employee, or a financial or trust institution."
If you are interested in viewing above trustee language, below is IRS link.
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