What is the step-by-step process of starting my Self-Directed Solo 401(k) account?

Wondering what you do next with your Rocket Dollar Solo 401(K)? Check here.

Sign up on the Rocket Dollar Website in about 5 minutes

1. Solo 401(k) Document Preparation in Progress

Our team will now be in the process of preparing your Solo 401(k) documents. In 2-3 business days, your documents will be ready.

2. Bank Account Setup

With our bank partner, the process is fast, digital, and is opened within 1 business day. Our team will provide proper account opening instructions via email.

3. Fund Your Solo 401(k)

Our Support team can help you roll over from an old 401(k), an old IRA, or set up an annual contribution. Our Support team will reach out and help you initiate a rollover.

4. Start Investing

Once your funds reach your new bank account, you have the power of checkbook control over your retirement funds!

If you want help on how to fund your account, you can visit a detailed article here.

You can also visit our Partners page.

 

 

Structure of Solo 401(k)

How long will this take?

2-4 weeks from zero to funded, from purchasing your Rocket Dollar account until you are deploying your dollars. This includes the time to open your account, your trust, and the biggest possible hold up is waiting on your rollover retirement dollars to transfer over.

401(k)-to-401(k) transfers can be particularly slow with some providers, as they can ask for distribution forms which might require approval by your old employer. Some 401(k) providers still require sending physical checks.

If you purchase “expedited” at checkout, we guarantee we can open your account and get it funded in 7 days. We will provide white glove assistance for transfers as well as prioritized one-on-one time to make sure your account fulfillment is free of issues.

Compliance

Rocket Dollar will keep your Self-Directed Solo 401(k) plan compliant. Laws change from time to time, and it's our responsibility to provide you with an updated plan document when that happens. You may occasionally get a new document from us or receive an amended plan document. You'll see these documents in the Rocket Dollar Dashboard.

Rocket Dollar works with plan documents that are pre-approved by the IRS.

 

Read more about our Self-Directed Solo 401(k)