There is more than one type of company 401 k plans the employer can offer . Most often the employer will contract with a plan administrator . The administrator will decide which investment options are made available, vesting options, matching etc .
Another type is a company sponsored self-directed 401 k plan . With this type of plan, each participant can make individual investment choices . If you are an employer who would like to offer this type of plan, please contact us . These plans are a wonderful retention tool .