Open A SEP IRA
Contact Us
We recommend you contact the New Accounts Team and work with them directly to establish your Self-Directed IRA. We will send you everything you need to open your account:
Phone: 240-575-3880 x610
Email: NewAccounts@midatlanticira.com
The Steps
1. Download the forms on this page as they are required to open a SEP Self-Directed IRA.
2. Fill out your forms on the computer or by hand. You will have to print out and sign these documents by hand before mailing.
3. We recommend you send copies before sending the originals, as we can confirm if any changes need to be made. You can email them to newaccounts@midatlanticira.com or call us at 240-575-3880 x610.
4. Send your original forms with signatures (keep a copy for yourself), a clear copy of your drivers license and any additional documents to:
-
- MidAtlantic IRA, LLC
Attn: New Accounts Department
118 West Church Street
Frederick, MD 21701
- MidAtlantic IRA, LLC
Some Things To Keep In Mind:
There are a few regulations attendant to opening a new account that we must be sure you are in compliance with.
• In order to open an account with us, original signatures are required on documents so facsimile and scanned email copies are not acceptable. We do suggest sending us the completed documents via email (accounts@midatlanticira.com) for review before sending us the necessary originals.
• There is a 30-calendar day window in which the application is valid. If we are waiting on additional documents and the original application reaches day 31 we must start the application process over.
• Once your account is opened, with all of the proper paper work, you will have 90 days to fund the account. If your account is not funded within ninety days, our bank will require that your account be closed.
• Lastly, there is a 7 business day right of rescission rule imposed by the Internal Revenue Service which means you have seven business days to change your mind. Subsequently, we do not allow the disbursement of funds for investments during this time period. The seven business day clock begins from date we receive your original new account application.
Have Questions?
If you have any further questions about completing the documents feel free to reach out to our New Accounts Team at 240/575.3880 ext. 610 or newaccounts@midatlanticira.com.
Download These Forms:
Transfer Request Form
If funding from another IRA
Rollover Form
If funding from a 401k Plan
Deposit Coupon
If making a contribution
Interested Party Designation
optional
Limited Power of Attorney
optional
Don’t Forget To Include:
- Your Social Security Number and government issued ID to verify your identity
- A copy of a utility bill if the address on your ID does not match the address on the application.
- Names and dates of birth for anyone designated as Beneficiaries
- Tax ID Number or Date of Trusts for any trusts to be designated as Beneficiaries
- A copy of your most recent statement for the account you are funding from