What are SDBAs?
Self-directed brokerage accounts (SDBAs) allow you to transfer a specified amount of your 457/401a or 403b 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)
| Plans | Phone | Yearly Fees* | Min.Balance Requirement | Transfer Amount Min. |
|---|---|---|---|---|
| Corebridge | (888) 393-7272 | $50 | $0 | No minimums |
| Empower | (888) 393-7272 | $50 | $500 | Initial - $500 Subsequent - $1 |
| Horace Mann | (800) 677-2363 | $100 | $500 | Initial - $1,000 Subsequent - $500 |
| Voya | (888) 393-7272 | $50 | $500 | Initial - $500 Subsequent - $1 |
*May include other fees.