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.
![Worried Your 401(k) Pays Hidden Fees? Answer 2 Questions to Find Out](https://www.employeefiduciary.com/hubfs/shutterstock_440745115.jpg)
Worried Your 401(k) Pays Hidden Fees? Answer 2 Questions to Find Out
![](http://www.employeefiduciary.com/hs-fs/hub/227641/file-2447430245-jpeg/images/7ef818d1f78a3ade3fe31c0d5d241188.jpeg)
By: Eric Droblyen
November 29th 2017
Employers have a fiduciary responsibility to pay only reasonable fees from 401k plan assets. Avoid hidden 401k fees to make this job as easy as possible.
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![3-Step Guide for Employers to Select and Monitor 401(k) Index Funds](https://www.employeefiduciary.com/hubfs/blog-files/3-step-guide-for-employers-to-select-and-monitor-401k-index-funds-1.jpg)
3-Step Guide for Employers to Select and Monitor 401(k) Index Funds
![](http://www.employeefiduciary.com/hs-fs/hub/227641/file-2447430245-jpeg/images/7ef818d1f78a3ade3fe31c0d5d241188.jpeg)
By: Eric Droblyen
November 1st 2017
Index funds make it possible for 401(k) plan sponsors to replace an Investment Policy Statement (IPS) with a 3-step fund selection and monitoring process.
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![Top 10 401(k) Mistakes Found in the IRS Voluntary Compliance Program](https://www.employeefiduciary.com/hubfs/blog-files/top-10-401k-mistakes-found-in-the-irs-voluntary-compliance-program1-987000-edited.jpg)
Top 10 401(k) Mistakes Found in the IRS Voluntary Compliance Program
![](http://www.employeefiduciary.com/hs-fs/hub/227641/file-2447430245-jpeg/images/7ef818d1f78a3ade3fe31c0d5d241188.jpeg)
By: Eric Droblyen
October 18th 2017
Severe consequences can result when a 401(k) plan fails to meet one or more of the plan qualification requirements – including IRS penalties for the employer.
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![401(k) Cybercrime – Key to Keeping a Plan Safe Is Not Delegating Fiduciary Responsibilities](https://www.employeefiduciary.com/hubfs/blog-files/401k-cybercrime-key-to-keeping-a-plan-safe-is-not-delegating-fiduciary-responsibilities.jpg)
401(k) Cybercrime – Key to Keeping a Plan Safe Is Not Delegating Fiduciary Responsibilities
![](http://www.employeefiduciary.com/hs-fs/hub/227641/file-2447430245-jpeg/images/7ef818d1f78a3ade3fe31c0d5d241188.jpeg)
By: Eric Droblyen
September 20th 2017
Some employers delegate fiduciary roles that approve cash disbursements to their 401(k) provider, which can make a 401(k) plan more vulnerable to cybertheft.
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![Employers Should Avoid Providers That Treat 401(k) Plans Like a Product, Not a Service](https://www.employeefiduciary.com/hubfs/blog-files/employers-should-avoid-providers-that-treat-401k-plans-like-a-product.jpg)
Employers Should Avoid Providers That Treat 401(k) Plans Like a Product, Not a Service
![](http://www.employeefiduciary.com/hs-fs/hub/227641/file-2447430245-jpeg/images/7ef818d1f78a3ade3fe31c0d5d241188.jpeg)
By: Eric Droblyen
September 6th 2017
Insurance and mutual fund companies treat 401k plans like a product by restricting fund and plan design options. Plan Sponsors need impartial and consultative advice instead
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![A Common Sense 401(k) Plan for Small Businesses](https://www.employeefiduciary.com/hubfs/blog-files/a-common-sense-401k-plan-for-small-businesses.jpg)
A Common Sense 401(k) Plan for Small Businesses
![](http://www.employeefiduciary.com/hs-fs/hub/227641/file-2447430245-jpeg/images/7ef818d1f78a3ade3fe31c0d5d241188.jpeg)
By: Eric Droblyen
August 23rd 2017
TSP-like 401(k) plans are a common sense retirement plan but are not meant for everyone. Compare traditional 401(k) services against a TSP baseline here.
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![401(k) Loan Rules – What Plan Participants Need to Know](https://www.employeefiduciary.com/hubfs/blog-files/401k-loan-rules-what-plan-participants-need-to-know.jpg)
401(k) Loan Rules – What Plan Participants Need to Know
![](http://www.employeefiduciary.com/hs-fs/hub/227641/file-2447430245-jpeg/images/7ef818d1f78a3ade3fe31c0d5d241188.jpeg)
By: Eric Droblyen
August 9th 2017
If you are a 401(k) participant, use our FAQ to understand when you can take a loan from your account and how to avoid taxes or penalties.
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![403(b) vs. 401(k) Plans for Non-Financial People](https://www.employeefiduciary.com/hubfs/blog-files/403b-vs-401k-plans-for-non-financial-people.jpg)
403(b) vs. 401(k) Plans for Non-Financial People
![](http://www.employeefiduciary.com/hubfs/images/Holly.jpg)
July 26th 2017
These two big differences are truly all you need to know when deciding between a 403(b) or 401(k) plan – their eligibility and testing requirements.
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![Expanding Small Biz Retirement Plan Coverage – 401(k) Reforms Are Needed](https://www.employeefiduciary.com/hubfs/blog-files/closing-the-small-biz-401k-coverage-gap-rule-changes-from-washington-are-needed.jpg)
Expanding Small Biz Retirement Plan Coverage – 401(k) Reforms Are Needed
![](http://www.employeefiduciary.com/hs-fs/hub/227641/file-2447430245-jpeg/images/7ef818d1f78a3ade3fe31c0d5d241188.jpeg)
By: Eric Droblyen
July 12th 2017
Americans save more for retirement when they can do so by payroll deduction, but less than half of small businesses sponsor a retirement plan.
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![Are Your 401(k) Fees “Reasonable?” Benchmark Them to Find Out](https://www.employeefiduciary.com/hubfs/blog-files/are-your-401k-fees-reasonable-benchmark-them-to-find-out.jpg)
Are Your 401(k) Fees “Reasonable?” Benchmark Them to Find Out
![](http://www.employeefiduciary.com/hs-fs/hub/227641/file-2447430245-jpeg/images/7ef818d1f78a3ade3fe31c0d5d241188.jpeg)
By: Eric Droblyen
June 28th 2017
Small businesses have a fiduciary responsibility to pay only reasonable 401k fees, but "reasonable" is not defined. Benchmarking 401(k) providers and industry averages is the key to confirming 401k fee reasonableness.
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