Best 401k Plan For Individuals. Top Rated 401k Provider in 2022

TD Ameritrade 401(k) Plan Pricing
Investors looking for advanced trading technology with no fee 401k plan account should take a look at TD Ameritrade. Established in the 1980's, this firm has delivered securities trading services to millions of investors. With well over a trillion of dollars in client assets today, this company knows how to manage money and it has been consistently rated the Best online broker. Let's check it out.

Commissions and Accounts

Stock and ETF transactions at TD Ameritrade cost $0. The firm has living, breathing brokers who can assist customers in placing a trade over the phone. Using this service is an extra $25.

Brokerage accounts at TD Ameritrade have no account maintenance fees, low balance fees, or inactivity fees. Furthermore, the broker doesn't require any deposit amount to open a securities account. This is better than several other brokers, such as Fidelity, who require as much as $2,500 to open an account.

In addition to no-fee brokerage accounts, TD Ameritrade also offers no-fee IRAs. The company offers several varieties, including a 401K, Traditional, Roth, Rollover, Minor, Minor Roth, SEP, or SIMPLE IRA. Unlike Merrill Edge, TD Ameritrade charges no fee to close out an IRA.

The firm offers margin trading for its clients to maximize their trading potential. Currently, margin loans under $10,000 are charged 9.25% per annum.


Investors at TD Ameritrade can buy and sell more than 13,000 mutual funds. On this list, over 4,200 have no load and no transaction fee. Transaction-fee funds are $49.99. Load funds do not have a transaction fee. TD Ameritrade's list of mutual funds is better than the fund offerings of several other brokers. For example, E*Trade offers approximately 8,000 mutual funds.

Traders who want lower expense ratios than what TD Ameritrade's mutual fund offerings have should check out the ETFs. All ETFs can be traded without paying any commissions. The funds on TD Ameritrade's list cover a wide variety of economic sectors, such as world stock, long-term bond, currencies, and large cap growth. Most funds have an expense ratio below 1.00%.

Open TD Ameritrade Account

$0 stock/ETF trades and transfer fee refund.

Open TD Ameritrade Account

Customer Service

TD Ameritrade representatives can be reached by phone, fax, or e-mail. The phone service is open 24 hours a day, 7 days a week. Some brokers, such as Firstrade, don't have 24/7 service. TD Ameritrade's website also has a useful search feature called 'Ask Ted'. Users simply type in any question they have, and the tool returns an answer, which is usually pretty accurate.

For customers who want more personal service, the broker has a large nationwide network of branch locations. Currently, TD Ameritrade has over 450 local branches. This is more than in any other discount broker in the country.

Trading Technology

TD Ameritrade's website is the broker's most basic trading platform. It is well designed and simple to navigate. It is better designed than Firstrade's and Vanguard's websites, for example. The site can be used to place orders for all securities. In addition to stocks, ETFs, and mutual funds, the broker has a useful search tool that can find preferred stocks and other fixed-income products.

Users will find SnapTicket at the bottom of the browser. This is a trade ticket that makes order entry simple. It can be used for stocks and ETFs. SnapTicket displays vital data such as bid-ask spread and volume. A small chart also appears showing the security's price action. SnapTicket can be collapsed, producing more viewing area when the tool is not needed.

A more advanced platform is available for traders who don't want to use the website. Trade Architect is a Java-based system that's launched from the website. It creates a discrete window. With just a few tabs, the application is easy to navigate. Users can watch live streaming of CNBC at no cost. Charting is also available in Trade Architect, and includes several important technical indicators.

Best 401k Plan

The broker's most sophisticated trading system is thinkorswim. Charting tools are very advanced. There are many technical indicators, such as Fibonacci retracements and spectrum bars. Advanced orders can be used. The platform also offers a paper trading system called paperMoney, where users can practice placing trades without the risk of losing a dime. Many other brokers, such as Vanguard, don't offer practice trading.

Mobile Trading

TD Ameritrade hasn't forgotten mobile traders, either. The company has platforms for iPhone, iPad, Apple Watch, Android, Windows 10, and mobile web. A thinkorswim app has very advanced charting tools, and includes a practice account. Many other brokers, such as Schwab and Fidelity, don't offer paper trading on their mobile apps.

Best 401k Provider

TD Ameritrade does not charge any fees for using any of its platforms. Some brokers, such as IB and Merrill Edge have frequent trader requirements to use their advanced trading systems. Other brokers, such as Vanguard, don't have an advanced platform at all. Taken as a whole, TD Ameritrade has some of the best trading tools of any online discount broker.

Best 401k Plan Summary

TD Ameritrade is one of the few brokers who succeed in multiple categories. Buy-and-hold investors will benefit from the firm's large mutual fund selection, while short-term stock traders will love the advanced charting tools at no cost. Additionally, the firm is rated the Best 401K Provider for a few years in a row.

Open TD Ameritrade Account

$0 stock/ETF trades and transfer fee refund.

Open TD Ameritrade Account