Each brokerage house is different in how they classify their investment-only accounts and applications can update at any time. We have made our best efforts to provide you the most up to date applications here, but please check with Merrill Lynch to ensure you have the right application to open an investment-only brokerage account under your Solo 401k plan and trust.
It's important to remember you're not opening a Merrill Lynch 401k. Rather, your 401k plan and trust are opening an investment-only account with Merrill Lynch. Click here to access the RCMA application. Please verify on the Merrill Lynch website that this is the most current application.
Merrill Lynch calls these types of accounts "The Retirement Cash Management Account® (RCMA) " and they are designed to work with your Solo 401k.
Below you can see an example RCMA application:
Section 1: Account Setup
Select Trustee Directed. You cannot choose both Participant and Trustee Directed
Section 2: Tell us about the Company
Complete information about your sponsoring business for your Solo 401k. If you are a sole proprietor and do not have a TIN then your Social Security Number will go here.
Section 2: Tell us about the Company (cont)
Complete this based on your sponsoring business information. It is ok if certain sections do not pertain to you and your business.
Section 2: Tell us about the Company (cont)
Complete this based on your sponsoring business information. It is ok if certain sections do not pertain to you and your business.
Section 3: Tell us about the Plan
Account name: Trust Name or Plan Name. It is recommended to put your trust name here. Select PIN and input your Solo 401k Trust EIN. Not your business EIN.
All necessary information can be found in your adoption agreement.
Section 4: Certification of Authorized Designees
Input your name in A. and B.
Section 5: Primary Money Account Sweet and Tax Certifications
Merrill Lynch Bank Deposit Program
Print and sign your name as the trustee
Section 6: RCMA Check Information Form
Complete for check writing ability. For plan name, input your trust name if you selected that in section III “Tell us about your plan”
Section 7: Authorized Individual Designation Form
Only complete if you have designated someone besides yourself as an authorized user on this plan.
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Submit Your Completed Application
Once you compete your application, mail or fax the completed application using the instructions below:
Fax: New Account Support 866.214.1649
By Standard Mail: Merrill New Account Support MSC NJ2-140-02-15 P.O. Box 1501 Pennington, NJ 08534
By Express Delivery: Merrill New Account Support MSC NJ2-140-02-15 1400 American Boulevard Pennington, NJ 08534 By
If you have any further questions, Merrill Edge® Self-Directed clients should call 877.653. 4732