How to invest in alternative assets with the Carry Solo 401k

If you want to make investments into alternative assets like real estate, startups, and private equity outside of the Carry platform, you can easily do so through our partnership with Grasshopper Bank.

Alternative investing is only available on the Carry Pro subscription tier.

Click on 'Alternatives' or if it's not yet reflected click 'Add Investment' > 'Alternatives'
> Verify this isn't a prohibited investment > Enter the investment account / type / name.

Take note of the wire details if your investment pays dividends in the future.

The Carry Solo 401k Plan is a self-directed Solo 401k plan with checkbook control. With checkbook control, your Solo 401k funds are kept in their own checking account. As the trustee of the plan, you can wire funds and write checks from that account when you want to make investments.

With checkbook control, you can invest in alternative assets like:

• Startups

• Private equity

• Real estate

Checkbook control is available directly within Carry.

Certain investments are prohibited by our financial partners or by the IRS for 401(k) accounts. These prohibited investments include:

Assets or businesses involved in cryptocurrency trading, non-fungible tokens (NFTs), collectibles, alcohol, unapproved coins and metals, S-corp stock, gambling, third-party payment processors, money service businesses, shell banks, hard money lenders, cannabis-related businesses, religious organizations or adult entertainment.

Any illegal activities.

Any entity, investor, responsible party, or beneficial owner(s) residing or working in a sanctioned or prohibited country.

See full list here

Investments in companies, property, or other assets that you or a family member control, live in, or otherwise benefit from can be “self-dealing” and are prohibited. Do your due diligence. Investing in alts can be highly risky. Be sure to conduct due diligence on the deal and the sponsor/originator.

The above is not exhaustive. You can find more information from the IRS See full list here, as well as IRS publication 590A and IRC 4975. Consult with an attorney if you’re not sure if your investment is prohibited.