Each 401(k) or IRA has a one time $360 fee for account setup. This is the upfront cost. Then you will you’ll pay $15 per month for account administration and compliance, including the first month at checkout. We don’t charge a fee for assets under management (AUM) or add on fees for our new investments.
You will be selecting your own investments, which may have their own fees. These fees are set by the issuer, not Rocket Dollar. Rocket Dollar does not provide investments.
It is important for you or your personal financial advisor to research any investment opening, upkeep, or closing fees before making an investment decision.
Rocket Dollar works with preferred banking partners to get favorable and low fee arrangements for our customers and your self-directed IRA or 401(k). Your LLC or trust bank account will help your account manage, fund, and hold investments. We will help you get setup with our preferred banking partner during the account fulfillment process, and prospective customers can also contact Rocket Dollar for any questions on bank fees or using a specific bank.
Typically, the most common bank fee our customers see are simple wire money transfer fees, which are the preferred transfer method for a variety of alternative investments.
Customers that use wish to use a business bank account that is not from a preferred partner should be aware of possible fees associated with opening and maintaining an account.
Expedited Service prioritizes your account fulfillment and costs $200 per account, due at signup.
Normal accounts can take from 2-4 weeks from payment to being fully funded from your transfers.
The account setup fee includes the initial filing fee if you’re using an LLC inside a Rocket Dollar Self-Directed IRA or a trust inside a Rocket Dollar Self-Directed Solo 401(k). Your $15 per month maintenance fee will also cover the annual fee for the LLC or Trust. We use a Colorado LLC by default.
If you have any further questions about fees, please contact our sales team. We want to bring full transparency to the self-directed model. at 1-855-762-5383 option 2.