I already have a Solo 401(k) plan already... can I transfer or convert that to a Self-Directed Solo 401(k) at Rocket Dollar?

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Yes! Rocket Dollar will become your Solo 401(k) account, provider.


How does transferring a solo 401(k) plan document work?

A Solo 401(k) plan document the legal framework that sets up a Solo 401(k) plan, retirement trust, and lets you open vehicles to invest through your plan. 

Rocket Dollar will issue new plan documents that a pre-approved by the IRS. These will replace your old documents, and Rocket Dollar will take over as your new provider. 


What about transferring a Solo 401(k) away from Rocket Dollar if I'm not satisfied?

If you were no longer satisfied with Rocket Dollar, you would be able to do the same process with another Solo 401(k) provider. If you had self-directed assets held in the plan that you do not want to sell into cash, you might have to make sure you found a Self-Directed Solo 401(k) provider so you can continue to hold those assets with proper compliance.


Solo 401k Diagram 2020

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