Self-Directed Brokerage Accounts

Each Participant in the Plan is eligible to open a Self-Directed Brokerage Account (SDBA) at Schwab, Fidelity, or TD Ameritrade. SDBAs are subject to the following fees paid by the participant:

  • One-time, setup fee of $150 per Participant
  • Recordkeeper annual fee of $50
  • SDBAs can be established at any of the following custodians: Schwab, Fidelity, or TD Ameritrade
  • Participant may choose to manage his or her SDBA (requires signing waiver/disclosure documents)
  • Annual fee for FPL Capital Management to manage a Participant’s SDBA will range between $1,000 and $5,000 depending on desired level of service (See Appendix D for our Advisory Fee Schedule). A level 1 client’s fee is $1,000 per year. If a Participant would like to create a customized portfolio or include other personal account/assets, then they would need to upgrade to Level 2 or Level 3.
  • All SDBA fees can be paid directly from the Participant. The Plan does not need to be responsible for SDBA fees.

For more information regarding the advisory fees for your managed Self-Directed Brokerage Account, please contact us at 1-888-401K-FPL.

Investment Selection

You may select one of our Model Portfolios or choose to customize your portfolio by utilizing the wide range of investment products offered on Schwab, Fidelity, and TD Ameritrade’s Institutional platforms. The Model Portfolios available to Self-Directed Brokerage Accounts are as follows:

Model NameRisk ScoreRisk Category
Target 1028Ultra-Conservative
Target 2030Ultra-Conservative
Target 3035Conservative
Target 4043Slightly Conservative
Target 5051Balanced
Target 6059Moderate
Target 7068Slightly Aggressive
Target 8076Moderately Aggressive
Target 9083Highly Aggressive
Target 10087Highly Aggressive
DFA Fixed Income3Ultra-Conservative
DFA Global Equity88Ultra-Aggressive
DFA US Equity88Highly-Aggressive
Model NameRisk ScoreRisk Category
DFA International Equity89Ultra-Aggressive
ETF Fixed Income24Ultra-Conservative
ETF Equally Weighted76Highly Aggressive
US Dividend Equity84Highly Aggressive
WisdomTree Global Equity87Ultra-Aggressive
WisdomTree US Equity87Highly Aggressive
WisdomTree International Equity 85Ultra-Aggressive
PIMCO Fixed Income22Ultra-Conservative
Diversified Fixed Income28Ultra-Conservative
AQR Low Beta35Balanced
Vanguard Global Equity86Ultra-Aggressive
Vanguard US Equity86Highly Aggressive
Vanguard International Equity87Ultra-Aggressive

For more information on our Model Portfolios, please visit our website’s Model Folios page. Please note that not all Model Portfolios listed above are available on the Participant-Directed Platform.

Additional Available Investments

Most retirement plans strictly invest in various forms of publicly traded capital market investments such as stocks, bonds, mutual funds, and ETF’s.  We believe that individual investors should not be denied access to other forms of investments that are accessible to institutional investors.  We allow and oversee investments in Private Funds.  These include:

  • Private Equity Funds
  • Private Credit/Debt Funds
  • Private Equity Real Estate Funds

Typically, these funds have minimum investment requirements ranging from $2 million to $10 million.  For this reason, they are usually not accessible to individual investors and are only utilized by larger pooled-asset pension plans and endowments.  However, FPL Capital Management has arrangement for its clients to access these funds at significantly lower minimums.  In some cases, as low as $50,000.