Solo 401k termination - Controlled Group

[mcraepat9]

Thanks spiritrider and litovskyassetmanagement. It's unbelievable that ordinary humans can ever hope to navigate a Solo 401k correctly....

[mcraepat9]

Thanks spiritrider.

1. Sequence number stayed at 001 with the amendment.

2. Was done via a trustee-to-trustee transfer I believe...

[mcraepat9]

Incredibly helpful litovskyassetmanagement

Very much appreciate your help....

[mcraepat9]

Fair enough. Greatly appreciate everyone's expertise and patience with me as I navigate an incredibly complex topic....

[mcraepat9]

Thanks litovskyassetmanagement. You say there is no controlled group here. Does it matter than my wife as a sole proprietor adopted the old plan and her...

[mcraepat9]

Very helpful spiritrider as always. Some responses.

1. The Fidelity Solo 401k was never formally terminated, as that would run into issues...

[mcraepat9]

Hoping I didn't make a huge mistake.

Wife was a sole proprietor and had a Fidelity off-the-shelf Solo 401k opened in 2017
.
In...

[mcraepat9]

DavidGlennCPA incredibly helpful, thanks. I don't know why but i had read the W-9 instructions and this language is there:

"f you are...

[mcraepat9]

I agree you should figure out why you think you need a PLLC. It mostly adds expenses for you (registered agent, filing fees, TX franchise tax etc.) while...

[mcraepat9]

I posted this earlier this AM in the Tax Reduction section of the forum, but perhaps this section is more appropriate.

My wife runs a small...

[mcraepat9]

Thanks again spiritrider


One last question:

• 5 Parts A: and B: as applicable/desired.

My wife is a sole proprietor with a single...

[mcraepat9]

spiritrider very much appreciated! Your posts are always educational. Some follow up clarifications if you will indulge me:

1. When you say...

[mcraepat9]

spiritrider I agree with you. But i had another conversation with them this morning. They seem to be sticking with their view that the "termination...

[mcraepat9]

Thanks spiritrider , the TPA is telling her that she needs to have all contributions and rollovers completed by 12/31/21 in order to terminate the plan...

[mcraepat9]

My wife has a Solo 401k with a third-party professional administrator for her single member LLC (taxed as a sole proprietor). She hired her first set...

[mcraepat9]

Thanks GasFIRE and spiritrider - seems like this is the only option....

[mcraepat9]

Hi I am super late to the party I know, and i know that pending legislation can of course change, but does anyone know if the House version of BBB that...