My Solo 401k Financial

What My Solo 401k Financial does

My Solo 401k Financial is a privately-held, founder-owned financial services firm founded in 2009 and headquartered in Carlsbad, California. The company specializes in self-directed retirement account administration for self-employed individuals, solopreneurs, and micro-business owners who lack non-owner W-2 employees. Its core offerings include IRS-approved Solo 401k plan documents, IRA LLC structures with checkbook control, and ROBS (Rollover as Business Startup) 401k plans for penalty-free business financing. The firm does not custody customer assets; instead, it operates an open-architecture model in which customers select their own custodian — Fidelity, Schwab, Edward Jones (transition), or for IRA LLCs, Forge Trust, Kingdom Trust, or IRAR Trust — while My Solo 401k Financial supplies plan documents, Form 5500-EZ and Form 1099-R preparation, and compliance support.

The technology stack centers on proprietary IRS-approved plan documents enabling features unavailable through standard brokerage prototype plans, including participant loans up to $50,000, Mega Backdoor Roth contributions up to $72,000 annually (2026 limit), SECURE Act $1,500 tax credits, and alternative asset investing (real estate, private equity, cryptocurrency, tax liens, precious metals). Revenue is generated through flat-fee structures: a $650 initial setup fee plus $125/year recurring for Solo 401k plans, and an $800 one-time fee for IRA LLC establishment. Distribution is direct-to-consumer via a self-serve website application supplemented by daily 'Office Hours' educational webinars, community forums, blog content, YouTube videos, comparison guides, and an AI-powered Q&A assistant at solo401k.ai. The company employs 1-10 people, is led by founder Mark Nolan (Compliance Officer, 18+ years) and attorney George Blower (Harvard Law), and holds a BBB A+ rating with no customer complaints on file.

Forthcoming product positioning is anchored on three pillars: (1) capturing Edward Jones Owner K clients restating onto its plan documents following Edward Jones' 2026 exit from the Solo 401k business, (2) using daily webinars and AI-assisted Q&A as top-of-funnel demand generation, and (3) maintaining an open-architecture custodian model that preserves customer control and minimizes capital-intensive custody infrastructure.

Name

My Solo 401k Financial

Legal name

My Solo 401k Financial LLC

Website

https://mysolo401k.net

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

1–10 employees

Short description

My Solo 401k Financial is a privately-held, founder-owned firm providing IRS-approved self-directed Solo 401k plan documents, IRA LLCs, and ROBS business financing for self-employed individuals and solopreneurs, using an open-architecture model with customer-selected custodians like Fidelity and Schwab.

Ownership category

akta.pro rank

Product category

Self-Employed Retirement Plan Services

NAICS

Funds, Trusts, and Other Financial Vehicles (525), Accounting, Tax Preparation, Bookkeeping, and Payroll Services (54121)

SIC

Investment Advice (6282)

akta.pro primary industry

Retirement & Pension Wealth (401(k)/IRA/SIPP/Superannuation Retail) (FSAAAAAJ)

akta.pro secondary industries

Retirement Plan Participant Advice & Managed Accounts (FSAEABAF), Digital/Hybrid Robo-Wealth & Retirement Advisory (FSAEABAK)

Keywords

• Solo 401k plans
• Retirement plan documents
• Self-employed retirement
• 401k business financing
• IRA LLC services

Headquarters

HQ city

Carlsbad

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others

Revenue model

1. IRA LLC Setup (One-Time): One-time flat fee for establishing Self-Directed IRA LLC including LLC formation, EIN registration, operating agreement preparation, and document preparation for custodian funding. State LLC filing fees are separate.
2. Solo 401k Plan Administration: Flat initial fee ($650) plus annual flat fee ($125/year starting after first year) for plan document maintenance, Form 5500-EZ preparation/filing, and Form 1099-R issuance. No fees based on account value.
3. Third-Party Custodian Fees (Pass-Through): IRA custodians (Forge Trust/IRA Services Trust Company, IRAR Trust Company, Kingdom Trust) charge separate annual fees to customers (e.g., Forge Trust $300/year). Company does not act as custodian.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels7 records

Core offering

My Solo 401k Financial provides Solo 401(k) retirement plan documents, administration, and compliance support for self-employed individuals, solopreneurs, and small business owners. Operating under an open-architecture model, the firm supplies plan documents and related services without holding client assets, while also offering IRA LLC structuring, ROBS-based 401(k) business financing guidance, and an AI-powered client assistance tool.

Product overview

My Solo 401k Financial offers a suite of self-directed retirement account solutions for self-employed individuals and business owners. The core portfolio consists of three main products: (1) Solo 401k - a self-directed retirement plan with checkbook control for alternative investments and participant loans; (2) 401k Business Financing (ROBS) - enabling business funding using retirement assets; and (3) IRA LLC - a self-directed IRA with LLC structure for alternative investments. The company also provides My Solo 401k AI as an educational Q&A tool, and ancillary services including Form 5500-EZ and Form 1099-R preparation. All plans support open architecture custody at the customer's chosen brokerage or bank.

Differentiator

Problem solved

Functional benefit

Products and services

• Solo 401(k) Plan Documents and Administration Sole-proprietor and small business owner retirement plan service that provides IRS-compliant Solo 401(k) plan documents, adoption agreements, and ongoing administration. Designed for self-employed individuals, freelancers, and owners of businesses with no W-2 employees other than a spouse, allowing higher contribution limits than SEP or SIMPLE IRAs.
• IRA LLC Structuring Service Service that helps clients establish a self-directed IRA LLC, enabling investments in alternative assets such as real estate, private lending, or private equity through retirement funds. Targeted at self-directed investors who want checkbook control over their IRA.
• 401(k) Business Financing (ROBS) Specialized Rollover as Business Startup service that guides clients through using retirement funds to capitalize or acquire a business via a C-corporation structure. Aimed at entrepreneurs who want to preserve retirement assets while accessing capital for a new or existing business.
• My Solo 401k AI Assistant AI-driven client support tool branded My Solo 401k AI that answers questions about Solo 401(k), IRA LLC, and ROBS topics. Built to provide self-serve, on-demand education and guidance to prospects and existing clients.

Quantifiable outcome

• Up to $72,000 annual Roth contributions via Mega Backdoor Roth strategy (2026 limit)
• +3 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

AI capability2 records

Feature4 records

Partnerships

Six partnerships are on record, tiered core and minor.

• IRA Services Trust Company (now Forge Trust)coreOthersRecommended IRA custodian for clients. Established 1978, charges $300/year. Many clients use this custodian for holding self-directed IRA assets. Company does not act as custodian; works with IRA Services for third-party custody of IRA LLC assets.
• Kingdom TrustminorOthersAlternative IRA custodian partner that will hold LLC on their books. Customers can choose their own custodian provided they will allow investment in an LLC.
• IRAR Trust CompanyminorOthersAlternative IRA custodian partner. Customers free to choose any custodian who will hold a LLC on their books.
• Fidelity InvestmentscoreOthersPopular self-directed brokerage where customers can hold Solo 401k accounts. Company provides plan documents; Fidelity provides custody. Eigible for participant loans and alternative investments when using company's plan documents at Fidelity.
• Charles SchwabcoreOthersPopular self-directed brokerage where customers can hold Solo 401k accounts. Company provides plan documents; Schwab provides custody. Supports participant loans and alternative investments when using company's plan documents.
• Edward JonesminorOthersEdward Jones exited Solo 401k plan document business as of 2026. Company offers to restate Edward Jones Owner K plans to their own plan documents, allowing clients to keep Edward Jones brokerage accounts while gaining premium features (Mega Backdoor Roth, participant loans, tax credits).

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• IRA Financial Group: Direct peer providing self-directed IRA LLC and Solo 401k plan documents with checkbook control. Competes for the same self-employed customer seeking alternative asset investing and ROBS business financing.
• Rocket Dollar: Direct peer offering self-directed Solo 401k and IRA accounts with checkbook control for alternative investments (real estate, crypto, private equity). Targets the same solopreneur and self-employed customer base with a similar software-driven, open-custody model.
• Directed IRA: Self-directed IRA custodian and administrator serving individual investors seeking alternative asset exposure. Closely comparable in service offering, customer segment, and use of third-party custody / checkbook control structures.
• Equity Trust (now part of Millennium Trust): Leading self-directed IRA custodian supporting alternative investments. While federally chartered as a custodian (not a plan document provider), it serves the same end customer and competes for the alternative-asset retirement dollar.
• Alto IRA (now Alto): Direct competitor in self-directed IRAs with a modern digital platform for alternative asset investing. Overlap is strongest in the IRA LLC / Checkbook IRA product line where both serve small business owners seeking diversified retirement exposure.
• Kingdom Trust: Self-directed IRA custodian that already appears in My Solo 401k Financial's partner ecosystem. Customers of both companies use Kingdom Trust for asset custody, making it a peer-pivot — custodian vs. plan document provider for the same customer.
• IRA Services Trust Company (now Forge Trust): Core IRA custodian partner of My Solo 401k Financial. As a custody-only provider with self-directed IRA specialization, it occupies the adjacent slot in the same value chain and competes for the same end customer wallet.

Emerging players

• Guideline: Tech-enabled 401k platform primarily serving small businesses with W-2 employees. Overlap is at the small-business retirement plan boundary; Guideline targets slightly different (multi-employee) customers but competes for the same small business retirement spend.
• Vestwell: Digital retirement plan recordkeeper for small and mid-sized businesses offering 401k, SEP, and SIMPLE plans. Adjacent provider for the solopreneur-of-tomorrow demographic; comparable in tech-enabled, low-fee positioning.

Broad incumbents

• Fidelity Investments: Major incumbent custodian and brokerage where My Solo 401k Financial customers custody their accounts. While Fidelity offers its own Solo 401k prototype plan, it leaves advanced features (Mega Backdoor Roth, participant loans, alternative investments) to third-party administrators like the subject company.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/mysolo401k

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about My Solo 401k Financial