Participant-Directed Brokerages Available Through 401k Easy
(401k Easy Uses Charles Schwab Brokerage as Our Default Choice)
401k Easy provides a long list of the most popular self-directed brokerage accounts from top brokers like Charles Schwab, Vanguard, and Fidelity, eTrade, TD Ameritrade, and more. Charles Schwab is our default choice for 401k Easy, and we have been using Schwab as the custodian for most of our 401k plans for over 20 years.
Self-directed brokerage accounts are ideal for small business 401k plans because each 401k participant can select his or her investments for their retirement savings. Employers and plan trustees' fiduciary liabilities and responsibilities are significantly reduced because all investment decisions are made by 401k plan participants.
Unlike most traditional 401k plans, self-directed brokerage 401k plans relieve the employer of the responsibility and liabilities associated with "pre-selecting" a menu of "employer-approved" investments for inclusion in the company's 401k. With 401k Easy self-directed brokerage accounts, each individual plan participant makes independent investment decisions about how his or her 401k retirement savings are invested.
(401k Easy's Default Choice)
Additional Brokerages Available
- AG Edwards
- Allenbridge
- American Equity Investment Life
- AOC Equity Trust Company
- Barclays Stockbrokers
- Best Invest
- Bestinvest
- Cavendish Online
- Chartwell
- Chelsea FS
- Clubfinance
- Commshare
- Dominick & Dominick LLC
- First Mercantile
- Firstrade Securities
- Funds Direct
- Hargreaves Lansdown
- IDealing
- Lightspeed Financial
- LPL Financial
- Merrill Edge
- Northwestern Mutual Financial Network
- Option Xpress Self-Directed
- OptionsHouse
- PTI Securities & Futures
- Selftrade
- ShareBuilder
- Smith Barney
- SogoTrade
- Thinkorswim
- TIAA-CREF
- TQ Online
- TradeKing
- TradeStation Securities
- Willis Owen