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IRA Financial solo 401(K) plan opens up hedge fund investments with no asset value fees


IRA Financial Group, a provider of open architecture self-directed solo 401(k) plans, has launched a solo 401(k) plan programme with no account value or transaction fees.

IRA Financial Group’s new self-directed checkbook control solo 401(k) plan will allow participants to invest in traditional as well as alternative asset investments, such as real estate, gold, tax liens, hedge funds, and much more with no account value or transaction.
“We are excited to offer a self-directed solo 401(k) plan solution that is cost effective and does not include any asset value or transaction fees,” says Jen David, a retirement tax specialist with the IRA Financial Group.
IRA Financial Group says its individual 401K plan is unique because it is designed explicitly for small, owner-only businesses.
With IRA Financial Group’s solo 401K plan, self-employed individuals or small business owners with no employees can benefit by making high annual contributions – up to USD53,000 – with an additional USD6,000 catch-up contribution for those over age 50, make traditional as well as non-traditional investments, such as real estate, as well as borrow up to USD50,000 or 50 per cent of their account value tax-free and penalty free.
IRA Financial Group’s self-directed 401(k) plan online platform is a trustee directed plan meaning the trustee and not the custodian is in charge of making investment decisions on behalf of the plan.
With a solo 401(k) plan, in most cases the trustee will be the plan participant providing the plan participant with greater control and investment authority over his or her retirement funds.
In addition, with IRA Financial Group’s solo 401K Plan, the plan account can be opened at any local bank, including Chase, Wells Fargo, and Fidelity.

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