A growing number of 401(k) plan participants are seeking a brokerage option within their 401(k) plans, according to a soon-to-be released study conducted by Hewitt Associates of Lincolnshire, Ill.

The study, which examined 401(k) plans offered by 290 employers with asset levels of $1 million to $11.7 billion, found that 55 percent of companies that responded either offer or are considering adding a self-directed brokerage account to their plans within the next 18 months. Seventy-five percent of those cited employee demand as the determining factor behind their decision to add, or consider adding, a brokerage account option.

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