Betterment Advisor Solutions (BAS), announced the launch of an all-digital solo 401(k), designed for independent advisors and their self-employed clients.
Key features of the plan include paperless account opening with no setup fees, fully digital contributions, spouse participation at no additional cost, and the fact that it offers both Roth and traditional tax strategies. From a business standpoint, I have found Solo 401(k) multiple employer or pooled employer plan situations difficult in collecting assets.
