Self-directed retirement plan balances increased in Q4: report

The average account balance for self-directed 401 s grew to $280,099 for the fourth quarter of 2022, up by 2.45% from the previous quarter, according to a report by Charles Schwab. Self-directed 401 s are retirement plans that exist within a company's 401 plan, but allow participants to invest in their choice of stocks, bonds, mutual funds and other securities…