Set-up your MySolo401k.net Solo 401k Plan at Wells Fargo

If you bank at Wells Fargo or would like to bank at Wells Fargo, consider also opening your Solo 401k checking account at Wells Fargo.  This is possible through a MySolo401k.net Solo 401k with checkbook control, and it generally takes no more than 24 hours to open through our turnkey process.

When you Open Solo 401k from MySolo401k.net with checkbook control, you make your alternative investment purchases (e.g., real estate, trust deeds, tax liens, precious metals, etc.) by writing a check from your Solo 401k checking account, which can be opened at your local bank or Wells Fargo.  As the trustee of your Solo 401k, you then safe keep the paperwork in connection with the alternative investment purchase.  In other words, Wells Fargo or your local bank’s only role in the Solo 401k from MySolo401k.net is to provide a checking account that is titled in the name of the Solo 401k.

Wells Fargo also offers Solo 401k, so don’t confuse their Solo 401k with Solo 401k from MySolo401k.net which comes with checkbook control and, unlike the Wells Fargo Solo 401k or similar financial institutions Solo 401k, a Solo 401k from Mysolo401k.net allows for Solo 401k Loan (participant loan) which comes in handy if you have heavy financial need including growing your business. But the most distinctive difference of a Solo 401k from Mysolo401k.net is that you run the show. Specifically, you serve as trustee and administrator of your owner-only Solo 41k.  Thus, you have freedom to make all the investment decisions including self directing the Solo 401k into investments such as real estate, precious metals (Gold), tax certificates, private placements, notes an more.

At the same time, as your Solo 401k Provider, MySolo401k.net  will not only assist you in setting up the Solo 401k checking account at your local bank or at Wells Fargo, but will also help you administer the Solo 401k plan as well as prepare the Solo 401k loan documents if you are looking to borrow from Solo 401k.