457/401a self-directed brokerage accounts (SDBAs) allow you to transfer a specified amount of your 457/401a investment dollars to an outside broker for investment in a large array of alternative mutual funds and individual securities (some exceptions).
The following types of investments are offered in the Schwab self-directed brokerage window for each provider.
- Taxable mutual funds
- Taxable debt securities (fixed income), including Treasuries
- Equities (stocks) with some exceptions, such as limited partnerships and foreign stocks
- Exchange-traded funds (excluding security issuing K-1)
| Corebridge | Empower | Horace Mann | Voya |
|---|---|---|---|
| (888) 393-7272 | (888) 393-7272 | (800) 677-2363 | |
| Yearly Fees (Other fees may apply) | |||
| $50 | $50 | $100 | $50 |
| Core Account Minimum Balance Requirement | |||
| $0 | $500 | $500 | $500 |
| Transfer Amount Minimums | |||
| No minimums | Initial - $500 Subsequent - $1 | Initial - $1,000 Subsequent - $500 | Initial - $500 Subsequent - $1 |