The ROBS process

Your Nexus dashboard tracks the active work from application through formation, plan setup, rollover, capitalization, and ongoing administration.

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1. Screen for fit

Start at the open Nexus primer and complete a four-step ROBS screen covering retirement accounts, capital needs, business plans, and full-time employment. Access codes may attribute a campaign but are not required to begin. If the screen indicates a potential fit, create an account and continue to the full application.

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2. Complete and submit the application

The full application has four sections:

• Personal information
• Retirement accounts
• Business information
• Compliance certifications

Progress saves between steps. Required supporting documents are requested from the dashboard after submission, so uploads do not block a qualified applicant from applying.

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3. Review and payment

The Nexus team reviews the application, retirement-account evidence, business information, and compliance profile. It may request more information or schedule a consultation. Approved applicants accept the Client Setup Agreement and pay the $5,000 setup fee.

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4. Form the company and establish the plan

Nexus coordinates C-Corp formation, the company and plan trust EIN filings, initial corporate setup, the 401(k) plan and trust, and the first-year ERISA fidelity bond. The dashboard presents document-related actions when they are relevant. Public documentation stays at a high level; the dashboard is the source of truth for the specific records and actions in your case.

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5. Complete rollover funding

Open the designated custodial account, initiate direct rollovers from each eligible retirement source, and track the transfers in Nexus. A Roth-approved application remains Roth-only throughout funding; a pre-tax application remains pre-tax.

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6. Capitalize the business

After rollover funds arrive and the capitalization amount is confirmed, complete the remaining dashboard actions. The plan trust purchases company stock, and the corporation receives the proceeds as working capital.

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7. Continue with ongoing administration

After funding, Nexus supports Form 5500 filing, required testing, ERISA bond renewal, cap table and valuation recordkeeping, and registered-agent renewal. The founder and Plan Sponsor remain responsible for operating the company and plan, providing accurate information, handling payroll and contributions, and avoiding prohibited transactions.