- Self Directed Brokerage Accounts
The RFP for record keeping services resulted in a contract awarded to Great West Life & Annuity Insurance Co. A new feature of that contract is that they provide self directed brokerage accounts SDBA, with a window to additional mutual funds. That contract provides for SDBA to be offered to our deferred compensation participants in each plan (401(k) and 457). The vendor/ subcontractor that Great West will provide services through is TD Ameritrade. The individual participant will be required to request this service from the plan and then if they meet the minimum asset criteria they will be required to sign an individual trading account agreement with TD Ameritrade under our plan umbrella. The participant will then have additional investment options available to select from at their own discretion, within limits. Those include limiting selections to mutual funds.