Reply to For those whose solo 401k funds moved to Ascensus from Vanguard ...

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[quote=Anonymous]New Poster. I just called Ascensus hotline today and they are still telling people to terminate themselves and take a distribution. And they have to send the check directly to me??? WTH? I told them I don't want to terminate myself or the plan. I told them I wanted to amend the plan and transfer custodian to a different financial institution. She had no idea what I was talking about. I also used the words "change sponsor" and "change trustee"...still didn't know. Then I asked about Transfer of account paperwork. Still didn't know.

Then I called E*Trade where I would like to transfer the funds and they said it all depended on the plan (which I can't find on the site). But they said the process was to open an i401K with them (and the paperwork does have a check box whether it is new or amendment but not a lot of other instruction like I'm reading here about keeping the same plan number).  Then once the account is approved, I would login and transfer account from Accensus...but it is DEPENEDENT ON ACCENSUS  APPROVAL. That does not make me feel good.

Questions for the collective:

* Has anyone transferred a i401k from another institution to etrade? Advice on the process?

* Does anyone at Accensus know where to find the plan number online (when logged in)?

* What organization regulates the i401K and cares about such issues as to whether a amend and restate the account versus opening a new account and rolling over accensus? I keep hearing here that that is not allowed, but I have not find the official language on such things. I'd also like to call that org and tell them what is going on with Accensus. [/quote]

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