Solo 401K conversion?

[Robin C.]

I currently have a checkbook IRA that I set up through my SD IRA account. Is it true the Solo 401K doesn't have fees?? If so, How do I go about converting my checkbook IRA from my SD IRA company to a 401K account? I'm self employed, no employees.......

[Dmitriy Fomichenko]

@Robin C.

There is a cost to establish and maintain Solo 401K Plan but since custodian is not required for the plan all custodian, asset-based and transaction-based fees can be eliminated.

Based on what you said - you qualify. Decide which service provider you wish to use and engage service, when new plan is established you will rollover you assets from an IRA to 401K.