Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 9 years ago on . Most recent reply presented by

User Stats

10
Posts
0
Votes
Damien Cobbs
  • Real Estate Investor
  • Chesterfield, VA
0
Votes |
10
Posts

Solo401k Fees

Damien Cobbs
  • Real Estate Investor
  • Chesterfield, VA
Posted

Hello BiggerPockets family,

I have finally decided to open a solo 401k to help me with my house flipping adventures. I think I am at a point where I have read so much and I have confused myself and started to blur lines. I see that some solo401k (or self-directed or self employed 401ks) cost money to open while others appear to be free, $0 to open and $0 annual maintenance (like Fidelity and TD Ameritrade). I have not called any of the providers yet to get a lowdown on their fee structures or what services they provide. What are the differences between the solo401k providers that charge fees and the ones that don't advertise that they do? I already have a LLC setup. What am I missing?

Thanks,

Damien

  • Damien Cobbs
  • Most Popular Reply

    User Stats

    1,016
    Posts
    607
    Votes
    Chris Soignier#5 Coronavirus Conversation Contributor
    • Real Estate Broker
    • North Richland Hills, TX
    607
    Votes |
    1,016
    Posts
    Chris Soignier#5 Coronavirus Conversation Contributor
    • Real Estate Broker
    • North Richland Hills, TX
    Replied

    The Solo 401K's provided by the brokerage houses are designed to enable you to invest in things they sell, not real estate and other private transactions.    When I set up my Solo 401K, I tried to keep my money @ TD Ameritrade as the custodian, but they wouldn't do it.

    Fidelity, however, does, and so far hasn't charged me any fees.    I paid Sense Financial for setup documentation, and there's an annual fee to remain compliant, but that's about it.

    Loading replies...