*Oaktree Financial Advisors is neither endorsed by nor affiliated with Eli Lilly
Lilly has announced changes to the self-directed brokerage account within the Lilly 401(k) that will take effect January 1, 2013. The two changes are as follows:
The quarterly fee for the self-directed account will increase to $48 from the current $46. These fees are deducted quarterly from your non-self-directed account assets.
Any money transferred out of the Stable Income investment, must be invested in an investment other than the self-directed account for a minimum of 90 days after the transfer.
What does this mean for you? First, you do not need to do anything. For most of our clients with the self-directed account we transfer money from the core options to the self-directed option about once or twice a year, depending on the balance available to transfer. We will continue to do this. The only thing that will change will be how we will treat the money in the Stable Income. Each situation can be different so we will address this with you individually as we review with you.
Should you have any questions at all about this please call us at 317-818-1631.