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Sorry, I pulled the trigger too fast on that last reply. Here's what I meant to post:

Mcadoo11 asks:

I have read your posts about self-directed 401(k) plan options. Does anybody know if 403(b) plans can allow a self-directed option? What are the downsides of doing this? According to our plan, the company bears a responsibility to keep track of investments with all options and so the costs increase by allowing this alternative. Is this true?

A 403b plan may have self-directed options only for mutual fund selections. An option allowing the individual selection of stocks or bonds is not permitted under the law for 403b plans. And yes, allowing self-direction of 403b accounts even for mutual funds does increase the administative costs of operating that plan.

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