QUESTION: Attached are the signed pages of the solo 401k documents . Thanks for
confirming that My Solo 401k plan documents allow for an in-plan Roth Solo 401k
conversion. I would definitely like to perform an in-plan Roth Solo 401k conversion.
Do you know if Wells Fargo will open a solo 401k bank account for my new self-directed Solo 401k?
Regards, JY
ANSWER: When you are ready to proceed with the in-plan
Roth Solo 401k conversion please let
us know as we will take care of the tax reporting and conversion forms as part
of our annual fee. With respect to Wells Fargo, yes they offer checking
accounts for self-directed solo 401k plan;
however, not all Wells Fargo branches have trained their staff on self-directed
Solo 401k checkbook services, so let us know if you decide to use Wells Fargo
as we have a contact banker.
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