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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.
401(k) Earned Income – What Employers Need to Know

401(k) Earned Income – What Employers Need to Know

By: Eric Droblyen

June 9th 2021

401(k) plans must allocate and test the contributions made to self-employed individuals using a special definition of plan compensation called earned income.
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How Much Time Does Annual 401(k) Administration Take?

How Much Time Does Annual 401(k) Administration Take?

By: Eric Droblyen

July 8th 2020

401(k) administration shouldn't take small businesses much time. A quality provider will do the heavy lifting, leaving an owner with basic tasks to complete.
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The DOL Finalizes New Electronic 401(k) Disclosure Rules

The DOL Finalizes New Electronic 401(k) Disclosure Rules

By: Eric Droblyen

June 24th 2020

The new DOL rule would allow employers to electronically deliver required 401(k) notices to all plan participants by e-mail or by posting them to a website.
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The 401(k) Form 5500 – Frequently Asked Questions (FAQ)

The 401(k) Form 5500 – Frequently Asked Questions (FAQ)

By: Eric Droblyen

March 7th 2018

The Form 5500 discloses 401(k) plan information to the Federal government and plan participants. Employers must understand their plan's filing requirements.
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401(k) Plan Compensation – What Employers Need to Know

401(k) Plan Compensation – What Employers Need to Know

By: Eric Droblyen

February 21st 2018

A 401k plan can require multiple definitions of employee compensation. To keep their plan in legal compliance, employers must understand all of them.
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Top 10 401(k) Mistakes Found in the IRS Voluntary Compliance Program

Top 10 401(k) Mistakes Found in the IRS Voluntary Compliance Program

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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Acquisition or Merger? Don’t Overlook the Seller’s 401(k) Plan!

Acquisition or Merger? Don’t Overlook the Seller’s 401(k) Plan!

By: Eric Droblyen

May 17th 2017

After acquiring a company with a 401(k), there 3 options for the plan - merge it into their own plan, keep it stand-alone, or terminate it.
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