Looking for a Third Party Administrator for my wife's Solo 401K. Edward Jones doesnt offer these services anymore. thx
@Walter Daniel, since Edward Jones no longer offers the service you're looking for, I'd suggest checking with a retirement plan administrator who specifically handles Solo 401(k)s. They should be able to explain what services they provide and whether they can take over your wife's existing plan.
I'm a real estate attorney and broker based in Maryland, and I work with clients on real estate and business matters. While Solo 401(k) administration isn't my area of practice, I know how important it is to work with someone who understands the specific requirements involved.
Hope you find a good fit, @Walter Daniel! Happy to stay connected!
@Walter Daniel It seems that most of the brokerages are going away with this. A client of mine mentioned Fidelity isn't handling the administration of their Solo 401k either. Not sure if that's across the board or just their situation. Probably your best bet is to engage a company who specializes in Solo 401k and can either handle this for you or give you very clear instructions on how to administer the plan. You don't need to pay a TPA hundreds or even thousands a year for this. You can do it on your own.
With a truly self directed Solo 401k your wife could keep money in the market as well as invest in alternative assets if she'd like.