Скачать или смотреть Solo 401k Plan Owners: The Roles and Responsibilities of a Solo 401k Plan Participant

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One of the unique features about the Solo 401k plan is that the plan owners wear multiple hats. The Solo 401k plan owner is also the plan administrator, the plan trustee and the Employer. In this Solo 401k Quick Tip video, we will take a look at the role of a Solo 401k plan owner.

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Usually, plan owner wears multiple hats: Plan Participant, Plan Trustee, and Employer. As a plan trustee, you are responsible for signing all investment-related documents. Keep in mind that you are only acting on behalf of the plan. All investments, such as properties, should be titled in the name of your Solo401k Trust. The earnings and expenses should only go through the plan’s account instead of your personal account. As the plan trustee, you are also required to file tax return for the plan if needed.