Your 401K is subject to the regulation of the IRS, it has been since the regulation was established. You don’t own your retirement.
Do what you can for now (direct as you see appropriate). Unless and until fiscally conservative Constitutionalists are elected, be prepared to have your retirement savings converted to 3% per annum growth in gummint “investments”, (bonds).
Don’t ask me how I know.
How do you KNOW this ?
Snoot ;o)