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Greetings, djwww, and welcome. You asked:

I have heard that there is such a thing as a self directed 401k. When I brought this up with my employer (since no one at my place of employment is satisfied with the service we are currently recieving from our current plan administrator, Principal), no one had heard of this option. I would like to hear from anyone with any experience with a self directed 401k.

A self-directed 401k is an option within a 401k plan that allows participants to trade in individual securities. It's an arrangement set up with a broker. Your plan must allow such an option and whatever agency your employer chose to provide plan administration and custodianship must provide it. It is something your employer must establish both within the plan and with the 401k provider.

Regards…..Pixy

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