small 401k self-directed brokerage accounts for small business 401k plans

small 401k self-directed brokerage accounts for small businesses and small 401k participant-directed brokerage accounts.

Following topics are addressed:

- small 401k self-directed brokerage accounts for small business
- 401k participant-directed discount brokerage accounts
- small 401k participant-directed retirement savings
- small 401k plan investment choice and selections
- 401k stocks and bonds

 

401k self-directed brokerage accounts

 

401(k) plans must be sponsored by an employer. Millions of American workers can’t take advantage of the 401(k)’s many attractive attributes because, for one reason or another — typically high plan costs, plan inflexibility, and/or prohibitive minimum participation standards — their employers do not sponsor a plan. In particular, very small, small, and medium-sized companies have found sponsorship difficult if not impossible. Some 89% of very small companies (10-50 employees), 72% of small companies (50 - 100 employees), and 66% of medium-sized companies (100 - 250 employees) do not have 401(k) plans (Census Bureau figures). These figures do not include the companies that have fewer than 10 employees, what might be called "micro" companies.  

 

Securities and Exchange Commission Small Business Administration

 

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