Recently, Pension & Investments released the 2018 top 10 defined contribution money managers and it was not surprising to see the usual suspects being that we have helped a lot of clients transfer former employer 401k plans to the self-employed solo 401k plan. Whiled other retirement plans such as 403b, defined benefit plan, 457b as well as IRAs are do not technically fall under the defined contribution plan category, the top 10 money managers also custody such accounts and they can also be transferred to a solo 401k plan provided the individual meets the solo 401k eligibility requirements outlined here.
Here are some of the top 10 defined contribution money managers of 2018:
Fidelity Investments
Vanguard
Prudential
T Rowe Price
For a full list, visit here.
Closing Comments
It is not surprising to not see any self-directed solo 401k 401k companies listed on this list being that less than less than 3% of retirement funds are invested in alternative investments such as real estate, tax liens, metals, private equity, to name few. However, many of our self-directed solo 401k clients do use Fidelity Investments to hold their funds which can then be invested in equities as well as real estate.
