![]() ![]() I haven't gotten around to it yet, but TD/Schwab will be losing my business (and several other people I know), due to extremely shoddy administration. I contacted both TD Ameritrade and Schwab about this, and they refused to admit any culpability, with avoidance of the issue entirely. I was incensed at this, but paid the fine, as a challenge with IRS could result in a possible $ 400K fine, if my argument was rejected. I contacted IRS, and they fined me $ 1,500 as a result of my not having filed the 5500-EZ for the prior 9 years. Account service and support available 24/7. Once the Schwab merger was announced, they admitted to their administrative mis-coding, and my acct was appropriately labeled as a "Solo 401K', and I subsequently received a 5500-EZ Email alert in 2022. As such, they never notified me on an annual basis (I do my own taxes) that I was required to fill out an IRS 5500-EZ Form, if my balance was greater than $250K. During this transition, my Solo 401K was mis-coded as a "Flexible 401K". Were you a previous TD Ameritrade Hong Kong client If you had a TD Ameritrade Hong Kong account, you can still access your historical documents by calling +. I created a Solo 401K with TD Waterhouse years ago, and they were subsequently bought by TD Ameritrade. ![]() ![]() Mis-coding of my account cost me $ 1,500 IRS Fine ![]()
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