Rolling over and transferring funds into your Solo 401k is easy! Let's cover the simple steps to generate a Rollover Request on your Solo 401k dashboard:
Step 1: Log into your Solo 401k dashboard. Use the email and password you originally signed up with; alternatively, if you originally signed up using your gmail or facebook account, select that option.
Note: If you're creating a rollover packet for your spouse, the spouse login needs to be used.
Step 2: Click on "Move money" in the top menu, then "Start Incoming Rollover".
Step 3: Select where the funds are coming from. If you're rolling out of an employer plan, contact the HR department to ask who is the custodian that holds your funds.
Step 4: Once you select the custodian, you'll see their information is automatically entered for you. Click "Next" :
Step 5: Enter the information for your releasing plan/account:
Select the account type. Note: Roth IRAs cannot roll into a 401k, so you won't see that option on the list.
Type in your account number.
Note: if you're rolling out of an employer plan, you may not have an account number, and you can input your SSN instead. Check with your releasing custodian here if you're not sure.
If you're rolling over the entire account, select "Entire balance". If you're rolling over a partial amount, select "Dollar amount" and type in the amount you want to rollover. Then click submit:
Step 6: Follow the instructions on this page to send your rollover request to your releasing custodian
Step 7: Review your pre-filled rollover request form and Send the rollover packet to the releasing custodian:
You'll see the instructions tell your releasing custodian to write a check to your trust name and mail it to you. Once that check is received, you can deposit it into the bank account that you're opening for your trust.
Tips to complete the rollover request generator:
Have your latest account statement handy - you'll need your account number!
Complete one transfer request per account. If you are rolling over an IRA, a 403b and a previous employer 401k, you'll complete this rollover request three times (one per account)
If your spouse is rolling over funds, they should use their login to generate the rollover form
Always call and make sure you are sending the rollover request in the correct format...some custodians prefer you fax the request. Others will require you mail it. Some will allow you to email it over
Many custodians insist you use their rollover/transfer forms. That's OK! Just make sure you are also including your Solo 401k rollover request as it contains valuable information about your direct rollover (aka trustee-to-trustee transfer)