Transferring an Individual 401 k with Entrust to a Solo 401k Plan with Checkbook Control
“How do I transfer my Individual 401 k with Entrust to a Self-Directed Solo 401 k plan with Checkbook Control?”
One of the many questions we receive at Sense Financial is how to transfer a previously-established plan with another provider to Sense Financial. The benefits and control of our self-directed Solo 401k draws many to ask.
Checkbook control
The Solo 401 k Plan gives the investor total control over his funds. As trustee of your plan, you decide how the funds are used and invested. There is no need for a custodian, along with custodian-associated fees and delays. You can make investment decisions quickly. And your retirement funds can be as diversified and maximized as you see fit.
Switching over
The process of switching to the Solo 401 k is simple. If you have a previously-established Individual 401 k from another company, like Entrust, we restate the plan for you. The restatement switches providers, from the other company to Sense Financial. This does not close down the plan and start a new one.
We ask for the previous plan documents, such as the Adoption Agreement, to review in order to create the restatement. The previous plan documents should include details such as:
- The effective date of the Individual 401 k
- The current title of the Individual 401 k
As California’s leading provider of retirement accounts with checkbook control, Sense Financial has helped many clients with similar transfers. Our years of experience will ensure a smooth transaction. We take pride in helping our clients achieve checkbook control over their retirement investments.
We are happy to assist you with the process of transferring to your own trustee-managed Solo 401 k plan. Our experts are ready to help you at: (949) 228-9394.
Related Terms:
- Individual 401 k with Entrust
- Self Directed Solo 401k
- Entrust IRA
- Entrust Group
- Entrust Self Directed IRA
- Solo 401 K