Self-directed brokerage account
A self-directed brokerage account (SDBA) allows you to select from numerous mutual funds and other types of securities (such as stocks and bonds) outside of the plan’s core investment options for an additional fee. See your plan information regarding specific details concerning the provider and fees for your self-directed brokerage account.
The brokerage option lets you invest in a wide variety of investments beyond those offered under the plan. Investments available through the brokerage option are not selected by the plan fiduciaries, and the use of this option is generally intended for more experienced investors who have the time and knowledge to manage a more sophisticated portfolio.
Is this investment option right for me?
Are you a knowledgeable investor who understands the risks associated with certain investments? If so, you may want to consider an SDBA.
How do I enroll?
To open a self-directed brokerage account, log in and go to the My Accounts tab at the top of the page. Under the Investments section on the left side of the page, choose Brokerage.
Login to your 401k/457 accounts
You acknowledge that none of the available options in the SDBA have been reviewed for suitability by your employer, plan sponsor, SDBA provider or Empower. You are responsible for determining the suitability of the investments offered in the SDBA and agree to fully indemnify and hold harmless your employer, plan sponsor, SDBA provider, Empower and any and all service providers to the plan against any claims, damages or other causes of actions. Before investing, you should carefully consider a fund's investment objectives, risks, charges and expenses. Fund prospectuses contain this and other important information, and they may be obtained by contacting your SDBA provider. You should read prospectuses carefully before investing.