27. Ask Your Employer for More Options
If your plan is lacking in 401k options that work well for you, you might be able to change that. "One little-known way to maximize your 401k… is to ask the person at your company who is in charge of the 401k plan to add more options to the plan," said Kirk Chisholm, a financial advisor at Innovative Advisory Group.
"Many plans offer between five and 25 mutual funds options, but 401k plans are not limited to mutual funds," he said. "Some plans allow you to self-direct your 401k account into a lot of mutual funds, or even individual stocks, bonds, ETFs and other traded securities."
The bottom line: It can't hurt to ask your company to add more options, he said. After all, this can be a win for everyone, since companies tend to offer 401k plans to make their employees happy.
Next Up: 15 Big 401k Questions to Ask Your Employer