Incoming ACH3 Replies
Top ForumsSolo 401k Brokerage Account, Solo 401k – 5500-EZJanuary 20, 2022 at 10:08 pm
Hi, I just opened a non prototype brokerage account with Fidelity. A Fidelity representative told me that the account does not have incoming ACH feature, for example, to accept distributions from private placements. I do have the checkwriting feature. I assumed that I could just give the routing and account number to an RE syndicator, for example, and my distributions would be direct debited into my account. Do I have to do something to set this up? Thanks.
Top ForumsSolo 401k, Solo 401k ContributionsJanuary 21, 2022 at 3:34 am
We’ve had clients use the following form in the past where the ACH is setup on the bank side of the investment sponsor: https://www.mysolo401k.net/wp-content/uploads/2021/04/Determine-Your-Fidelity-Routing-Account-Numbers-2.pdf
Top ForumsSolo 401k Brokerage Account, Solo 401k – 5500-EZJanuary 21, 2022 at 10:13 am
When setting up the ACH with the sponsor, should the owner of the account be indicated as the name of the trust or the trustee (my name)? I have had conflicting responses to this question.
Top ForumsSolo 401k, Solo 401k ContributionsJanuary 22, 2022 at 9:14 am
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