Keep expensive 401K -- or -- invest on our own?

[Guest heikejohn]

My husbands company has a 401K plan set up with Lincoln Retirement in the form of an annuity. Expensive and not very good. The company does not match, but has a seperat account for profit sharing.

Which would be better for us?

Keep investing into the 401K to keep our taxes lower?

Stop adding to the 401K, but invest the same monthly amount into a taxable mutual fund?

We both fully fund our Roth IRA.

Any help would be appreciated.

[QDROphile]

How about suggesting to the appropriate fiduciary that the choice of investment provider should be reviewed to assure that the best interests of the participants are being served? Reseach some alternatives and show the fiduciary that you have an inferior arrangement. If the cost of administration is one of the shortcomings, go to the Department of Labor website. It has plenty of material to suggest that the fiduciary needs to be conscious of costs. Ask whose golfing buddy is involved.