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Author: TMFPixy Big gold star, 5000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75540  
Subject: Re: 401K not employee directed Date: 12/20/1999 3:35 PM
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Greetings, 8isenuff, and welcome. You wrote:

<<I joined my company's 401k last year and am not happy with what it is being invested in. My understanding from all I can find in the Fool and other reading is I should have some control over the investments. My company said they don't offer self directed accounts as it would be a full time position managing the fund. Is this familiar to anyone? I know not where to go. Thanks for any response>>

The investment options within a 401k plan are controlled by your employer. Your contributions may be invested only in the choices offered within the plan by it's sponsor. Very few plans offer a self-directed brokerage account option for reasons of cost and potential liability. Obviously, your plan does not. If you want that option, all you can do is convince your employer to add it. That takes more than one voice. If you want that option, then you will have to convince other plan participants to add their voices to the cause. Your employer is highly unlikely to do anything to change the present plan options unless other employees also request the change.

Regards..Pixy

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