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They can open up the brokerage window.
Still, the brokerage window is not widely used yet.
Many of them fear that opening up the brokerage window will allow gonzo traders to run amok.
And if held within an Individual Retirement Account or other plan with a brokerage window, all taxes can be deferred until you take withdrawals.
For many years, doctors, law firms and other white-collar professionals have been prying open the brokerage window in their own plans.
It now offers a core group of mutual funds that are mostly index funds, a collection of target retirement date funds and a mutual funds-only brokerage window.
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Brokerage windows — a self-directed option, in which employees can choose their own mutual fund investments — are also becoming somewhat more popular: they represent 3.8 percent of 401(k) assets in this year's list, up from 2.8 percent in 2010.
Your employer can simply add something called a self-directed option, also known as a brokerage or mutual fund window.
In this weekend's Your Money column, I suggest that people who are unhappy with the investment options that their employer offers on the menu in their 401(k) or similar plan put in a request for something called a brokerage or mutual fund window.
Fred Reish, a lawyer with Drinker, Biddle & Reath in Los Angeles and an expert on the federal law that governs 401(k) plans, notes that one remaining gray area is whether employers need to perform some sort of sophistication test on workers before opening up a brokerage or mutual fund window.
The Federal Reserve all but insured against another large meltdown by opening its lending window to brokerage companies (including Lehman) and accepting a much broader array of collateral than it previously would.
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