K-TRADING – AMEX Offers Online Trading For 401(k) Plans
The expanded service will allow participants to trade online at a reduced commission rate.
Eligible participants will now pay $14.95 for up to 3,000 shares per trade, and $0.03/share for each share greater than 3,000. Trading through the brokerage window previously cost $44.95 for up to 3,000 shares/trade.
Participants can also access news, research reports, financial planning tools, mutual fund prospectuses and account history at www.americanexpress.com/retirement .
Online trading may not be immediately available for all self-directed accounts, according to American Express.
– Nevin Adams editors@plansponsor.com
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