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How do I prove my Solo 401k is a qualified retirement plan?
How do I prove my Solo 401k is a qualified retirement plan?
Updated over 7 years ago

The absolute best proof that your plan is a qualified plan in the eyes of the IRS is the IRS determination (or IRS opinion) letter that we supplied with your Solo 401(k) plan. The letter is from the IRS and shows that the 401k meets the IRS guidelines for a qualified plan.

The plan’s qualified status is what allows you to receive your tax benefits including:

  • tax deductions on new non-Roth contributions to the plan

  • tax free distributions on Roth Solo 401k funds

  • tax free rollovers from existing retirement funds

You can find a copy of the IRS determination letter in your 401k plan documents.

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