Recent Slott Post — 401K Rollover to IRA & Asset Protection

Submitted by sydney p on Mon, 2015-08-10 18:52

Great post by the way, but a question.

Since a Solo 401k plan would not fall under ERISA, what is the asset protection of a Solo 401K within the non-ERISA plan (still a valid 401k…just not ERISA as one participant)?

Thanks

S



Submitted by Alan - IRA critic on Mon, 2015-08-10 19:44

The solo K (not covered under ERISA)  is still protected in bankruptcy under the federal bankruptcy Act, but outside of bankruptcy any protection falls under the state statutes. See this article:  http://www.irafinancialgroup.com/solo401kassetprotection.php

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