Fidelity – Automatic in-plan conversions from after-tax to roth?

[Brian H]

Does anybody know if automatic in-plan conversions can be configured for Fidelity Solo 401k accounts, to “immediately” convert funds landing in after-tax accounts to Roth?

If that is not possible, do you have to call Fidelity after funds post to after-tax and request conversion? Is there a conversion fee?

Brian H

Contact

[Mark Nolan]

Fidelity provides two options for converting voluntary after-tax solo 401k funds to the Roth solo 401k.

Option 1:

Fill out Fidelity’s form. –see the following link for the procedure and the form. https://www.mysolo401k.net/solo-401k/how-to-process-a-fidelity-investments-voluntary-after-tax-of-solo-401k-funds-to-a-roth-solo-401k/

Option 2:

Call Fidelity to request the conversion processed over the phone.

mysolo401k.net

How to Process a Fidelity Investments Conversion of Voluntary After-Tax of Solo 401k Funds to a Roth Solo 401k - My Solo 401k Financial

My Solo 401k Financial offers self-directed Solo 401k, IRA LLC & ROBS 401K Retirement Plans. Learn about How to Process a Fidelity Investments Conversion of Voluntary After-Tax of Solo 401k Funds to a Roth Solo 401k

Mark Nolan

Compliance Officer

Contact

1-800-489-7571 www.mysolo401k.net