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.
- Charles Schwab
(401k Easy's Default Choice, As described Below)
- Fidelity Investments
- Interactive Brokers
- TD Ameritrade
- Vanguard Brokerage Services
No Hidden or Asset-Based Fees "skimmed" From Employees' 401k Retirement Savings
Our iron-clad promise: No 401k asset-based fees of any kind are skimmed from 401k participants′ contributions and their earnings, EVER!
401k Easy is an exception to the norm in that we do not earn any compensation, either directly or indirectly, from our clients 401k plan assets. Our published prices, available online for all to see, are the only compensation we collect.
Why is Charles Schwab 401k Easy’s default choice? Simple:
ETFs are increasingly popular today because of their relatively low management fees, when compared to other investments. Paradoxically, ETFs have been slow to catch on as 401k investments because the vast majority of 401k plan providers have not found a way to earn money from them by tacking based on asset-bassed fees. 401k Easy is pleased to offer ETFs to plan sponsors who want to use them, because we NEVER charge hidden or asset-based fees to our plan sponsors or plan participants.
Using ETFs in 401k plans results in a small portion of the investors’ 401k contributions going un-invested. Using no-load mutual funds, every penny of the 401k participants’ contributions are invested in full and fractional shares; ETFs do not offer fractional shares.