Self-Directed 401K Retirement Planning

401K plans are mainly employer-sponsored, meaning employees elect to have a portion of their wages paid directly into their individual 401K account, which is managed by the employer. These payments are also known as contributions. As a benefit to the employee, the employer can optionally choose to match part or all of the employee's contribution by depositing additional money into the employee's 401K account, or simply offering a profit-sharing contribution to the plan.

In participant-directed plans (the most common option), the employee can select from a number of investment options. These options are usually an assortment of mutual funds that emphasize stocks, bonds, money market investments, or some mix of the above.

Many companies' 401K plans also offer the option to purchase the company's stock. The employee can generally re-allocate money among these investment choices at any time. In the less common trustee-directed 401K plans, the employer appoints trustees who decide how the plan's assets will be invested.

More Information about 401Ks

For more information on Small Business Retirement Plans

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