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My spouse and I are co-trustees of our Solo 401k plan. Is it possible to have separate bank accounts for the same Solo 401k, one for each of us?
My spouse and I are co-trustees of our Solo 401k plan. Is it possible to have separate bank accounts for the same Solo 401k, one for each of us?
Jeff Nabers avatar
Written by Jeff Nabers
Updated over a week ago

Yes. Many couples choose to keep their finances separate. Maintaining separate bank accounts is a great way to accomplish. this. Since you and your spouse are each trustees of the Solo 401k, you can each establish a bank account in the name of the Solo 401k trust.

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