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QUICK ADOPTION

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toll free at: 1-866-269-2706
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OnePerson 401(k) ONLY Quick Adoption

Quick Adoption allows an Employer whose fiscal year ends December 31st to establish a 401(k) plan and make contributions for 2020. Plan documents must be completed, signed, and dated no later than December 31, 2020. Dedicated Defined Benefit Services can open 401(k) plans for an individual business owner or an individual business owner and spouse or partner only using this Quick Adoption Process.

Download documents and instructions for opening a OnePerson 401(k) Plan ONLY

Plan documents must be completed, signed, and dated no later than December 31, 2020. Call: 1-866-269-2706 Dedicated DB to discuss plan.


Your print-out should include:

  • Quick Adoption Instructions (3 pages)
  • Plan Set-Up Questionnaire (2 pages)
    — Must be signed and dated on page 2
  • EZ-K Adoption Agreement (3 pages)
    — Must be signed and dated on page 2
  • 401(k) Adopting Resolution (1 page)
    — Must be signed and dated at the same time as the Adoption Agreement
  • Salary Deferral Agreement (1 page)
    — Must be signed and dated before salary deferrals commence
  1. Call Us Before Employer Completes the Documents

    Please discuss the proposed 401(k) plan with Dedicated DB or a legal/tax advisor. The Dedicated DB Support Team is available at: 1-866-269-2706.

  2. Employer Must Complete, Sign, and Date Documents by 12/31/16

    Mail the signed and dated originals of the 401(k) Questionnaire, EZ-K Adoption Agreement, 401(k) Adopting Resolution, Salary Deferral Agreement and a check for the plan design and document preparation fee made payable to Dedicated Defined Benefit Services.

  3. Dedicated Defined Benefit Services
    550 North Brand Boulevard
    Suite 1610
    Glendale, CA 91203

    Documents must be signed and dated by December 31, 2020 and Dedicated DB must receive them no later than January 6, 2020.


  4. Plan Fees

    • The Plan Design and Document Preparation Fee is $200
    • The annual administration fee is $550 for a business owner plus $150 for a spouse participating in the plan. Your client will receive an invoice for the 2020 tax year annual administration fee by January 31, 2020. For 2020 and future plan years, the annual administration fee will be billed on a quarterly basis in advance.

    Please refer to the Plan Fee Schedule for more information.

  5. Quick Adoption Process for a 401(k) Plan for 2020 Tax Year

  6. Today

    By December 31, 2020

    By January 6, 2020

    Download documents and instructions for opening a 401(k)ONLY


    Call: 1-866-269-2706 Dedicated DB to discuss plan.

    • Client completes, signs, dates 401(k) documents.
    • Dedicated DB will review materials and let you know if package is complete.
    • Dedicated DB will assign a Trust ID (TIN) number.
    • Advisor/client opens a Custodial Investment account for the 401(k) using the TIN. Accounts can be established and funded up to 50% of the full estimated contribution amount by December 31, 2020.

    All signed 2020 documents and set-up fee must be received by Dedicated DB.



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