Q: What exactly does New Direction do for my retirement plan?

A: For IRAs, New Direction acts as agent for custodial banks and other banks and depositories. All uninvested cash is placed in FDIC-insured institutions.

For qualified plans, such as the Individual 401(k), it provides the plan document, which is qualified under the Internal Revenue Code. New Direction also provides record keeping services for the plan assets you elect. You may also choose a Do-It-Yourself plan, where New Direction is the plan sponsor, and you perform your own record keeping functions.