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.

Small Business 401(k) Plans – How the Best Can Help You Retire Faster

By: Eric Droblyen
November 24th 2021
Avoiding 401(k) pitfalls during your working years can help you retire years faster. The best small business plans make this job easy. Don't settle for less.
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Bundled or Unbundled 401(k) Provider – How to Choose

By: Eric Droblyen
November 10th 2021
Bundled (or full-service) 401k providers deliver all of the major plan administration services, while unbundled providers must ally with other companies to do so.
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401(k) Fee Study: How Much Does a Fiduciary-Grade Advisor Cost?

By: Eric Droblyen
October 27th 2021
Our fee study of 860 fiduciary-grade 401(k) financial advisors shows impartial advice reduces the total cost of a retirement plan. Employers should not settle for less.
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Employee Fiduciary Launches New 401(k) Fee Savings Calculator

By: Eric Droblyen
October 13th 2021
Paying low 401(k) fees during your working years can mean dramatically higher savings in retirement. Our 401(k) fee calculator estimates how much higher.
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Proposed 5500 Reform Won’t Help 401(k) Fee Benchmarking

By: Eric Droblyen
September 29th 2021
401(k) fees can be impossible for plan fiduciaries and participants to compare apples-to-apples. Proposed Form 5500 changes will do little to help.
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GAO Recommends Much Needed 401(k) Fee Disclosure Reform

By: Eric Droblyen
September 15th 2021
The GAO found 40% of plan participants do not understand the 401k fee information mandated by the DOL; recommends welcome fee disclosure reform.
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Could the FTC Save Consumers from Hidden 401(k) Fees?

By: Eric Droblyen
September 1st 2021
The Institute for Policy Integrity petitioned the Federal Trade Commission (FTC) to ban “hidden fees in all industries." They should start with hidden 401(k) fees.
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401(k) Fiduciary Liability Insurance – Factors that Raise Premiums

By: Eric Droblyen
August 4th 2021
Understanding the factors that increase the price of 401(k) fiduciary liability insurance coverage can help plan fiduciaries more easily avoid liability.
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How to Simplify Your 401k Admin with a Cycle 3 Plan Restatement

By: Eric Droblyen
July 21st 2021
Most 401(k) plans must be "restated" to reflect IRS-mandate Cycle 3 changes from August 1, 2020 to July 31, 2022. Here are some plan simplifications to consider.
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401(k) Plan Oversight - Understanding Your Fiduciary Hierarchy is Key

By: Eric Droblyen
July 7th 2021
As a business owner, you want to understand the basic fiduciary hierarchy applicable to all 401(k) plans and the responsibilities of each role within it.
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