"Investment-Only Retirement Plan" at Etrade

[newbie003]

I wasn't really sure where to post this but, in any case, can someone explain (in layman's terms) what exactly this is:

https://us.etrade.com/what-we-offer/our ... -custodial
https://content.etrade.com/etrade/estat ... cation.pdf
https://content.etrade.com/etrade/estat ... ummary.pdf

Thank you.

[wolf359]

It looks like a service offering the custodial account for a small business 401-k plan. You have to supply the 3rd party administrator and the financial advisor. This service will hold the actual investments and provide statements.

Designed for business owners and plan sponsors with an established qualified retirement plan, using a third-party plan administrator.

You wouldn't use this directly as an individual investor. You would use this if you own a business and you are looking for someone to hold the assets for the retirement plan that your company operates.

[newbie003]

Great, thank you.