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Your employer can simply add something called a self-directed option, also known as a brokerage or mutual fund window.
Survey data from the Profit Sharing/401k Council of America show 18.5 percent of employers offering a self-directed option in 2009, up from 6.2 percent in 1995.
HIGH FEES Fees in a self-directed option can come in two main forms, a fee for regular account maintenance and a per-trade fee.
They can also place a cap — say 50 percent — on the percentage of your retirement account that you're allowed to invest through the self-directed option.
In 2009, the bankers and brokers at the financial services firm Morgan Keegan & Company had 81 percent of their funds in the self-directed option.
BrightScope, a company that tracks and ranks 401(k) plans, searched employers that reported enough data to the federal government that BrightScope could track the percentage of employee retirement funds in the self-directed option.
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Particularly in North America, development is a high priority, and top performers expect more than self-directed options.
And then you throw in 401 k)s, pre-tax and post-tax dollars, self-directed options and so on, and it becomes a challenge to know where you should put your retirement money.
Also inquire about whether your plan has a self-directed brokerage option.
There are a number of ways to find out if your firm has a self-directed 401k option.
This Self-Directed Care option focuses on increasing recipients' control over care arrangements in order to increase flexibility and provide programmes and services which better meet the needs of the older person.
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CEO of Professional Science Editing for Scientists @ prosciediting.com