In our May 30, 2012 post, we spoke about whether a “true” company 401K plan (to the layman, a 401K plan at a company with employees, etc.) can self-direct their retirement assets. The answer is YES.

While permissible, are there reasons why a company may not want to establish a self-directed 401k plan? I mean I rave about the benefits of a self-directed 401K all the time….wouldn’t I do the same with a “company” 401K plan as well? Wouldn’t I be a proponent for all of the employees of a company having the ability to self-direct and take control of their 401K accounts?

Well, yes AND no. Continue reading →