Schwab Retirement Plan OFX download Confirmation

netr@cer's Avatar

netr@cer

01 Oct, 2024 05:22 PM

Is anyone here successfully downloading Schwab Retirement Plan Services (401k) data via OFX? I'm looking to open a solo 401k with a provider that supports OFX downloads. I know Schwab brokerage accounts do not download, but RPS is a seperate site and I was surprised to see the Schwab RPS service available in the OFX setup screen in MD. Just looking for confirmation from someone that it works (at least for now).

Cause I know some folks might be confused about me wanting to choose my provider, but a solo 401k is basically a 401k for self employed people. You're both the employer (sponsor) and employee, so you as the employer can pick whatever brokerage house you want. In my case the an absolute requirement is OFX DOWNLOADS.... :D

Any other suggestions for 401k providers that support OFX downloads are welcome. I do know T.Rowe price supports it, but T.Rowe's solo 401k plan is missing some investment features that I need.

EDIT - Also, any suggestions for brokerage accounts that still support OFX is welcome. It looks like Fidelity is listed, but would like confirmation.

Thanks in advance!

  1. Support Staff 1 Posted by Maddy on 02 Oct, 2024 10:09 AM

    Maddy's Avatar

    Hi,
    Thank you for contacting Moneydance support.

    Generally this page provides a list of Financial Institutions supporting Direct Connect.

    I hope this information is helpful. Please let us know if you have further questions or need more assistance.

    --
    Maddy, Infinite Kind Support

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