TRANSFER/ROLLOVER REQUEST LETTER OF INSTRUCTIONS
My business adopted qualified retirement plan (Solo 401k) and I am requesting qualified transfer of funds from my current retirement account into my Solo 401k.
A straightforward Overview:
A Solo 401(k) is a retirement plan trust created per specific guidelines found in IRS Code Section 401(k). These retirement plans are intended to be established by an employer as an employee benefit, assisting employee-participants in the plan save for retirement in a tax-sheltered manner.
A Solo 401(k) plan is a simplified version of a 401(k) designated for businesses where the owner(s) are the only employees of the company. This simplified version was created with the passage of the Economic Growth and Tax Relief Reconciliation Act (EGTRRA) by congress in 2001.
The IRS website describes 401(k) plans as follows:
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.
For details you may visit IRS website:
Included you will find Trust Documents:
Please process attached Transfer Request according to the instructions provided on that form.