With such an option, also called a brokerage window, you can essentially turn your 401(k) plan into a regular brokerage account where you can trade a wide array of mutual funds, in some cases also exchange-traded funds and stocks.
If your 401(k) plan has a brokerage window, use it to buy low-cost exchange traded funds.
According to a report published by the London Times on Monday, the brokerage house is preparing a plan to split the firm in two with its third-quarter earnings.
This means the money gets zapped directly from your old 401k to the brokerage account or fund family where you plan to move your money.
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Plan sponsors do not realize that the brokerage affiliates of consultants are some of the largest soft dollar and commission recapture firms out there.
It turns out that instead of choosing from 20 or 30 funds in my plan, I can set up this brokerage account and get 4, 600 mutual funds to choose from.
" Says Michael Ellison, executive vice president at Corporate Insight: "Some of the brokerage firms we follow now have over 25 different plan options and counting the number of investment managers and options was a challenge, even for us.
Kudla notes that his clients at Visteon, another auto parts supplier, neither have nor need a brokerage window because they have enough good choices within the plan.
However, you may want to check and see if your plan is one of the few that has a brokerage option through which you can purchase individual stocks.
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Unruffled, Nomura's boss dismisses doubts about his plan to turn Japan's 83-year-old brokerage into a global hitter even, he suggests, if that means a "reverse takeover" by former Lehman executives, one of whom may eventually end up with his job.
Investors can draw no conclusion about the overall market from just those few "megasales, " Mr. Seyhun says, regardless of whether the insider executed those sales in his personal brokerage account or as part of a preplanned schedule in a so-called 10b5-1 plan.
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