Investor · Everett, WA · Member since 2016 · 38 posts · 9 votes
I've started the conversation about opening a solo 401K with some professionals. I've been quoted by one finance guy who is local. I've been told the level of service quoted is for full setup of a business structure, new plan documents, and IRS determination letter, in order to utilize checkbook control.
I'm curious about what others are paying for the service of setting up a 401K and what level of service is provided for that fee.
Good question. I've seen the fees range from $500 to $2,500. I recommend contacting the various providers and going over their service and fees as pricing is not always an indicator of service.
I always tell prospective clients to work with a company that offers a fair price and that you feel comfortable working with.