Savings & Loan with self investing?

[Guest Margaret25]

We have a savings & loan with a 401(k) plan that is set up as a traditional pooled, individually directed plan with quarterly valuations.

One of the fund options is called a CD account but seems to be actually an interesting bearing cash account (as it allows on-going deposits and withdrawals).

The issue is that this account is held by the saving and loan in question. I know that there are some odd rules that pertain to banks but wasn't sure if this wouldn't still be considered a PT as the savings and loan does benefit from the investment.

Any thoughts?

Thanks,