Hello Mark and Mat, I have a Solo 401K Plan I set up with you guys. We have a large amount of cash sitting in Wells Fargo Solo ROTH account earning VERY LITTLE interest. I see saving account at other banks earning 3%. The problem I have is they will not use a EIN number to setup those account. They want SS number or a ITIN. If I say the are Solo Roth 401K plan then they want to treat the deposit like contribution. Meaning if I withdraw they want to treat it like a distribution.
Do you have any recommendations for Banks that will work with Solo 401K for savings or CD’s so we can earn some interest Income?
Thanks Joe Stafford, from Austin TX
512-751-7357