Yeah, the more I look at it, the more it makes sense based on the fees of the other funds I can choose from in the non self-directed portion of my 401K. I forgot to mention that they will also let us do a ROTH 401K as well. So I could max out the $17,500 per year (with after tax dollars) and have it grow tax free in self-directed investments i.e. Vanguard with commission free ETFs (assuming the gov doesn't change the structure of the Roth - blah, blah, blah) ;-) If I didn't need the pre-tax deduction as much as I do, I'd be all over the Roth version of this.