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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.
A Guide to Small Businesses Retirement Plan Options for Owners

A Guide to Small Businesses Retirement Plan Options for Owners

By: Eric Droblyen

September 10th 2024

Our guide breaks down the most popular retirement plan options for small businesses, including their pros and cons, to help business owners pick the right plan.
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Solo 401(k) Plans – How to Maximize their Benefits

Solo 401(k) Plans – How to Maximize their Benefits

By: Eric Droblyen

August 27th 2024

A solo 401(k) plan can only cover business owners and their spouses. Understanding their rules and options can help a business owner maximize their benefit.
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How Starter 401(k) Plans Compare to Safe Harbor and Traditional Plans

How Starter 401(k) Plans Compare to Safe Harbor and Traditional Plans

By: Eric Droblyen

March 12th 2024

Employers with no 401(k) plan can now adopt a starter plan. Small business owners should understand how they compare to traditional and safe harbor plans.
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Replacing a SIMPLE IRA with a 401(k) – Frequently Asked Questions

Replacing a SIMPLE IRA with a 401(k) – Frequently Asked Questions

By: Brian Furgala

July 5th 2023

Replacing a small business SIMPLE IRA with a 401(k) is not a complicated process, but it does require planning. Our FAQ can help the process go smoothly.
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Pooled Employer 401(k) Plans (PEPs): Myth vs. Reality

Pooled Employer 401(k) Plans (PEPs): Myth vs. Reality

By: Eric Droblyen

February 16th 2022

Pooled Employer Plans (PEPs) can seem attractive at first blush. Ironically, their purported benefits can, in fact, harm 401(k) plan participants and fiduciaries.
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Pooled vs. Single-Employer 401(k) Plans - Are PEPs for You?

Pooled vs. Single-Employer 401(k) Plans - Are PEPs for You?

By: Eric Droblyen

December 9th 2020

Supporters claim Pooled Employer Plans (PEPs) offer lower 401k fees and greater liability protection than single-employer plans. They rarely deliver either.
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401(k) vs SIMPLE IRA: Which is Right for Your Business?

401(k) vs SIMPLE IRA: Which is Right for Your Business?

By: Eric Droblyen

May 27th 2020

401(k) or SIMPLE IRA? The kind of plan you pick could have an enormous impact on the finances of everyone involved in your business. Choose wisely.
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How MEPs Signal a Broken 401(k) Industry

How MEPs Signal a Broken 401(k) Industry

By: Eric Droblyen

October 30th 2019

Multiple Employer Plans (MEPs) are better for the 401(k) industry than retirement plan savers and sponsors. Small business owners should avoid them.
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TSP-like 401(k)s + Tax Credits = More Small Business Plans

TSP-like 401(k)s + Tax Credits = More Small Business Plans

By: Eric Droblyen

October 3rd 2018

Multiple Employers Plans (MEPs) are promoted as a way to expand small business retirement coverage. TSP-like 401ks and tax credits would do a better job
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Why Multiple Employer 401(k) Plans are Obsolete Today

Why Multiple Employer 401(k) Plans are Obsolete Today

By: Eric Droblyen

December 13th 2017

Supporters of Multiple Employer Plans (MEPs) claim these 401ks lower plan fees and fiduciary liability for small businesses. Neither claim is true.
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