Is a 401 k plan "self-directed" if plan has 50 mutual funds

[Guest reesbe]

In general, what is the definition of "self-directed" investment?

Specific question: A 401(k) plan permits participants to invest in any of 50 different mutual funds.

Can the plan consider these investments "self-directed" and eliminate the 3.28(k) disclosure?

Would the answer change if the plan allowed investments in 100 different funds? 150? 200?

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[This message has been edited by reesbe (edited 06-29-99).]