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| ROTH 401k FAQ |
| 401k Contribution Limits |
We offer self-directed low cost Solo ROTH 401k and Company ROTH 401k Plans with the plan assets custodied at:
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Bank of America
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Vanguard
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TD Ameritrade
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Schwab
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Fidelity
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TD Ameritrade Institutional Services
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T. Rowe Price
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You can also choose from many other mutual fund companies, fund supermarkets, brokerage houses or asset custodians, to serve as the custodian of the assets in your 401k plan. Call us at 800-474-3826.
All of our Solo 401k plans have:
- $0 setup fee
- $0 for a spouse to join
- $0 for plan tax returns
- $0 loan setup fee (you can take up to 2 loans at any one time)
- $0 annual loan maintenance fee
- 1/4th of one percent (.25%) annual administrative fee (with a minimum fee of $25 per quarter per participant regardless of account balance)
- 24/7 online access to view, and make changes to your account.
- The ability to contribute automatically and electronically on a regular and recurring basis.
No hidden fees
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We receive $0 in sub-transfer agency fees
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We receive $0 in 12(b)(1) fees
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We receive $0 in placement fees (i.e. marketing fees, finders fees etc.).
Beginning in 2006, a tax-qualified 401(k) plan may permit employees who make elective contributions to the plan to designate some or all of those contributions as after-tax Roth contributions, effectively creating a “Roth 401(k) plan.”
A Roth 401(k) plan is similar to the well known Roth IRA that permits an individual to contribute after-tax dollars to an IRA without being subject to tax on the future earnings of those contributions.
Designated Roth contributions to a Roth 401(k) plan, however, are not subject to the lower contribution maximums that apply to Roth IRAs ($4,000 in 2005; $4,500 for employees over age 50).
Also, unlike Roth IRAs, which are only available to taxpayers below designated income levels ($110,000 for single individuals, $160,000 for married individuals), there are no income restrictions for participation in Roth 401(k) plans.
Click here for FAQ about ROTH 401k's
Apply electronically over the internet by going to http://mrs401k.com
If you want to have a ROTH 401k account, you will need to open a separate designated ROTH 401k after tax account.
(This means you fill out the brokerage account application twice, the only difference being the name of the account. On one application, the name of your account is the "John Doe [Solo] 401k" and on the other account application, the account name is the "John Doe [Solo] ROTH 401k ". (The word "Solo" is optional).
Vanguard
- Vanguard Retirement Investment Program Application- Pooled (For Solo 401k plans)
- IRS W-9 Form
- Direct Rollover Form
TD Ameritrade
- TD Ameritrade Solo 401k account application
- TD Ameritrade Solo 401k administrative services agreement
- Letter of Instruction
- IRS W-9 Form
All Plans
Important: You must mail all the completed forms to 401k Administrators at 1205 Prospect St. Ste 400, La Jolla, CA 92037-3613 and not to the respective custodians.
We need to establish your 401k plan documents and trust adoption agreement so you may participate in these 401k plans.
These brokerage houses (custodians) do not offer our Solo 401k Plan directly. You must use our 401k management reporting system, http://mrs401k.com to setup our Solo 401k with these custodians.