The Frugal Fiduciary Small Business 401(k) Blog
Get the latest industry news, deadlines and tips you need to know to help tackle your fiduciary responsibility needs.
![Calculating ADP 401(k) Fees Using Their 408b-2 Disclosure](https://www.employeefiduciary.com/hubfs/Calculating%20ADP%20401%28k%29%20Fees%20Using%20Their%20408b-2%20Disclosure-1.jpg)
Calculating ADP 401(k) Fees Using Their 408b-2 Disclosure
![](http://www.employeefiduciary.com/hs-fs/hub/227641/file-2447430245-jpeg/images/7ef818d1f78a3ade3fe31c0d5d241188.jpeg)
By: Eric Droblyen
August 22nd 2018
ADP is one of the largest 401(k) providers in country. Their 408b-2 fee disclosure is also one of the worst. Here are 3 steps for deciphering it.
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![Guidelines for Benchmarking 401(k) Admin and Investment Fees](https://www.employeefiduciary.com/hubfs/Guidelines%20for%20Benchmarking%20401k%20Admin%20and%20Investment%20Fees.jpg)
Guidelines for Benchmarking 401(k) Admin and Investment Fees
![](http://www.employeefiduciary.com/hs-fs/hub/227641/file-2447430245-jpeg/images/7ef818d1f78a3ade3fe31c0d5d241188.jpeg)
By: Eric Droblyen
August 8th 2018
Employers have a fiduciary responsibility to pay reasonable fees for 401k plan administration and investments. This job can be easy using simple guidelines.
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![401(k) Fee Levelization – It Can Make Revenue Sharing Worse!](https://www.employeefiduciary.com/hubfs/401k-fee-levelization.jpg)
401(k) Fee Levelization – It Can Make Revenue Sharing Worse!
![](http://www.employeefiduciary.com/hs-fs/hub/227641/file-2447430245-jpeg/images/7ef818d1f78a3ade3fe31c0d5d241188.jpeg)
By: Eric Droblyen
July 11th 2018
401k providers claim "fee levelization" makes revenue sharing payments more transparent and fair. In truth, the complicated process can do the opposite.
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![401(k) Fidelity Bonds – Frequently Asked Questions](https://www.employeefiduciary.com/hubfs/fidelity-bonds-FAQ.jpg)
401(k) Fidelity Bonds – Frequently Asked Questions
![](http://www.employeefiduciary.com/hs-fs/hub/227641/file-2447430245-jpeg/images/7ef818d1f78a3ade3fe31c0d5d241188.jpeg)
By: Eric Droblyen
June 27th 2018
An ERISA fidelity bond protects 401(k) plan participants against losses caused by acts of fraud or dishonesty. Employers should understand their basics.
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![401(k) Matching Contributions – What Employers Need to Know](https://www.employeefiduciary.com/hubfs/shutterstock_779791717%20%281%29.jpg)
401(k) Matching Contributions – What Employers Need to Know
![](http://www.employeefiduciary.com/hs-fs/hub/227641/file-2447430245-jpeg/images/7ef818d1f78a3ade3fe31c0d5d241188.jpeg)
By: Eric Droblyen
June 13th 2018
401k matching contributions can be highly effective in motivating workers to save for retirement. Small businesses should understand their match options.
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![Four 401(k) Plan Services That Justify Higher Provider Fees](https://www.employeefiduciary.com/hubfs/401k-plan-servicers-that-justify-higer-provider-fees.jpg)
Four 401(k) Plan Services That Justify Higher Provider Fees
![](http://www.employeefiduciary.com/hs-fs/hub/227641/file-2447430245-jpeg/images/7ef818d1f78a3ade3fe31c0d5d241188.jpeg)
By: Eric Droblyen
May 30th 2018
To avoid 401k fiduciary liability for paying excessive fees, pay as little as possible for “commodity” 401k services and extra for “value-added” ones only.
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![Solo 401(k) Plans – Their Benefits to Self-Employed Workers](https://www.employeefiduciary.com/hubfs/blog-files/solo-401k-plans-their-benefits-to-eligible-business-owners1.png)
Solo 401(k) Plans – Their Benefits to Self-Employed Workers
![](http://www.employeefiduciary.com/hs-fs/hub/227641/file-2447430245-jpeg/images/7ef818d1f78a3ade3fe31c0d5d241188.jpeg)
By: Eric Droblyen
May 16th 2018
Solo - or individual - 401k plans cover business owners and their spouses only. They allow plan participants to make maximum deductible contributions – including “mega back door” Roth IRA contributions – up to the 415 limit.
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![3 Common 401(k) Provider Conflicts of Interest!](https://www.employeefiduciary.com/hubfs/dont-overlook-these-401k-provider-conflicts-of-interest1.jpg)
3 Common 401(k) Provider Conflicts of Interest!
![](http://www.employeefiduciary.com/hs-fs/hub/227641/file-2447430245-jpeg/images/7ef818d1f78a3ade3fe31c0d5d241188.jpeg)
By: Eric Droblyen
May 2nd 2018
Employers have a fiduciary responsibility to evaluate their 401(k) provider's conflicts of interest. They risk personal liability when they don't.
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![401(k) Plan Coverage Testing – What Employers Need to Know](https://www.employeefiduciary.com/hubfs/Screen%20Shot%202018-04-16%20at%2011.59.14%20AM.png)
401(k) Plan Coverage Testing – What Employers Need to Know
![](http://www.employeefiduciary.com/hs-fs/hub/227641/file-2447430245-jpeg/images/7ef818d1f78a3ade3fe31c0d5d241188.jpeg)
By: Eric Droblyen
April 18th 2018
The IRC section 410(b) coverage test ensures a 401(k) plan sufficiently covers Non-Highly Compensated Employees. Employers should understand its basics.
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![Department of Labor Guidance for Paying 401(k) Fees from Plan Assets](https://www.employeefiduciary.com/hubfs/dol-guidance-for-paying-401k-fees-from-plan-assets.jpg)
Department of Labor Guidance for Paying 401(k) Fees from Plan Assets
![](http://www.employeefiduciary.com/hs-fs/hub/227641/file-2447430245-jpeg/images/7ef818d1f78a3ade3fe31c0d5d241188.jpeg)
By: Eric Droblyen
April 4th 2018
The DOL divides 401(k) fees into two categories – administrative and settlor expenses. Employers can only pay administrative expenses from plan assets
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