Vanguard Admiral Funds through E-Trade

[txpeach2]

Hi all, I've been reading lots of discussions about Custom Solo 401k plans and I'm pretty close to pulling the trigger with mysolo401k and having brokerage accounts at E-trade.

My question is this, my current setup is at Vanguard with admiral mutual fund shares. It looks like E-trade just recently added the ability to purchase Vanguard admiral funds without any transaction fee. I did verify my funds are on their list and it says "NTF" under the fund. I want to be able to rollover my existing Vanguard shares in-kind as well.

Can anyone confirm that they were able to purchase Vanguard admiral shares as part of their regular 401k contribution through an E-trade account? I just want to make sure because a lot of older discussions said you can only do ETFs and my understanding is that ETFs are not a good fit for regular contributions. Thank you

[DrSam]

Hi all, I've been reading lots of discussions about Custom Solo 401k plans and I'm pretty close to pulling the trigger with mysolo401k and having brokerage accounts at E-trade.

My question is this, my current setup is at Vanguard with admiral mutual fund shares. It looks like E-trade just recently added the ability to purchase Vanguard admiral funds without any transaction fee. I did verify my funds are on their list and it says "NTF" under the fund. I want to be able to rollover my existing Vanguard shares in-kind as well.

Can anyone confirm that they were able to purchase Vanguard admiral shares as part of their regular 401k contribution through an E-trade account? I just want to make sure because a lot of older discussions said you can only do ETFs and my understanding is that ETFs are not a good fit for regular contributions. Thank you

So, I have an Etrade personal 401k. I had previously wanted to purchase Vanguard admiral shares, but was unable to do. This was several years ago. Glad I read your post this morning.

I just put in a purchase order for VBIAX which previously wasn't available to purchase at Etrade. Order seemed to go in without a hitch. Got a message saying it would be executed at close of business today. Says there is a $49 fee if you hold it for less than 90 days, but otherwise there appears to be no transaction fee of any kind. I'll post a follow up here if there ends up being any sort of "gotcha" bait-and-switch business from etrade. (Also, I think there was a minimum purchase amount of $3k...can't recall for sure now.)
Looking further, it looks like VBIAX is also now available for purchase, also without transaction fees, in my regular...non-401k...account.

[jacoavlu]

yes lots of Vanguard funds are fee free at E*TRADE

why a custom 401k?
why E*TRADE?
why not ETFs?
why transfer in kind? (this will be a challenge)