Setup path
1
Screen for fit
Start with an open four-step ROBS screen covering retirement accounts, capital needs, the business, and your commitment to work in it full time. Create an account after the screen indicates a potential fit.
2
Complete the application
Provide personal, retirement-account, business, and compliance information. The application has four steps and saves progress as you move through it. Supporting documents are collected from the dashboard after submission.
3
Complete review and payment
The Nexus team reviews the application and supporting information. If approved, you accept the Client Setup Agreement and pay the one-time setup fee.
4
Establish the company and plan
Nexus coordinates C-Corp formation and establishes the company-sponsored 401(k) plan and trust.
5
Roll over eligible funds
Open the designated custodial account and request direct rollovers from eligible retirement accounts. The Nexus dashboard tracks each transfer.
6
Capitalize the business
After the rollover is received and the capitalization amount is confirmed, the plan trust purchases company stock. The corporation receives the proceeds as working capital.
Included in setup
- C-Corp formation, including the formation filing, state filing fee, first-year registered agent, and C-Corp EIN letter
- 401(k) plan and trust establishment, including the plan trust EIN filing
- Direct rollover coordination from eligible retirement accounts
- Stock issuance to the 401(k) plan trust
- First-year ERISA fidelity bond
After funding
Ongoing administration includes:- Plan administration, including Form 5500 filing and required testing
- ERISA fidelity bond renewal
- Cap table and valuation recordkeeping
- Registered-agent annual renewal and filing service fees
Pricing
Review current fees and service scope.
ROBS process
See the customer journey in more detail.