Who is the trustee and account owner?
You are the trustee and account owner. Q: Do I need to have an Company Employer Identification Number (“EIN”) (also known as a Taxpayer Identification Number “TIN”) to open a Solo 401k or, as a Sole Proprietor can I use my Social Security Number? A: Vanguard and Schwab now require you to have an IRS issued Employer Identification Number (“EIN”) if you will be selecting Vanguard or Schwab as the custodian of your 401kBrokers.com Solo 401k. (You may no longer allow you use your Social Security Number as the “Plan Tax Id”). If you choose Ameritrade as your custodian, you can still open a Solo 401k plan with your Social Security Number. You can apply for a Company “EIN” or a Plan “EIN” (a tax identification number specifically for you 401k plan) online here or at https://sa.www4.irs.gov/sa_vign/newFormSS4.do. As part of our administrative service, at no additional cost to you, we will apply for a plan EIN on your behalf. (The EIN can be for the 401k plan itself or for the company). In any
