Kudla notes that his clients at Visteon, another auto parts supplier, neither have nor need a brokeragewindow because they have enough good choices within the plan.
But on an auxiliary (and sometimes hidden) track employees can use a brokeragewindow to buy thousands of different mutual funds and usually exchange-traded funds and individual stocks, too.
With such an option, also called a brokeragewindow, 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.
This new product, produced by the brokerage TD Ameritrade, tries to offer a clear window into the sentiments of 6 million retail investors at the brokerage.