Thanks so much for the reply and information! How have you found their support so far in terms of answering any questions you have? I'm so torn between them and a TPA that is orders more expensive but might be more buttoned up. This will be my first Solo so I don't have docs from a past plan to cross-ref.Yes, I opened a Carry solo 401k account and will soon have a sense for what form 5500 support they provide relative to Vanguard and now Ascensus. Filing my 5500-EZ wasn't particularly complicated last year once I pulled Vanguard's letter out of the tax season to-do folder.
A key topic I've had to wrap my head around is that Carry is "a financial technology company" that provides a unified online interface to a collection of underlying accounts and services. As described in their disclosures:
- Carry is a financial technology company, not a bank or FDIC-insured depository institution.
- Advisory services are provided by Carry Advisors, LLC an SEC Registered Investment Adviser.
- Banking and depository services for Carry Solo401k accounts are offered by Grasshopper Bank, N.A., member FDIC.
- Carry brokerage accounts are offered and maintained by DriveWealth LLC, a FINRA-registered Broker-Dealer and Member SIPC.
Statistics: Posted by milkroth — Sat Jan 25, 2025 8:39 pm — Replies 14 — Views 2028