Find 401(k) Advisors
401(k) Plan Setup
Our Low 401(k) Fees
Calculate Your Cost
Compare Your 401(k) Fees
401(k) Resource Center
Find & Calculate 401(k) Fees
Retirement Plan Options
401(k) Tax Benefits
401(k) Plan Design
Safe Harbor 401(k) Plans
Roth 401(k) deferrals
Understanding 401(k) Fees
Backdoor Roth IRA Contributions
Shopping for a 401(k) Plan
Thrift Savings Plan
Shopping for 401(k) Investment Advice
Asset-Based Admin Fees
Find a Financial Advisor
Glossary of Terms
Employee Fiduciary in the News
Subscribe to Email Updates
low cost 401(k) plan
401k fee disclosure
small business retirement plans
Thrift Savings Plan-Like 401(k)s Are the Key to Closing the Small Business Coverage Gap
Posted Eric Droblyen on Aug 15, 2017
"More than half of the 55 million Americans who are not offered a retirement plan through their employers work for small businesses. While some see this longstanding coverage gap among small firms as an unsolvable problem, others see a market opportunity. This is the fifth blog post in a series that will feature perspectives from entrepreneurs and intra-preneurs in both the for-profit and ...
2017 Ranking & Reviews: Top Ranking Best 401k Plans
Posted Eric Droblyen on Apr 10, 2017
AdvisoryHQ’s List of Top 6 Best 401k Companies List is sorted alphabetically ADP American Funds Betterment for Business Edward Jones Employee Fiduciary Fidelity Investments
4 Ways To Spot 401(k) Rip-Offs
Posted Holly Roussel-Godfrey on Apr 10, 2017
When you buy just about anything these days, it's easy to go online to price compare. You know pretty quickly whether you're getting a good price. But 401(k)s are a different beast. Although the government requires disclosure on fees, it's not easy to tell whether you're paying too much. Millions are, but will never know it. Of course, neither your employer nor the government will tell you ...
One Proven Way To Boost Your 401(k): Lower Fees
Posted Holly Roussel-Godfrey on Apr 5, 2017
What if the expense ratios on your retirement funds are way too high? You'll need to ask some questions and demand some action from your plan administrator. According to Employee Fiduciary, here are the right questions to ask...
Employee Fiduciary Releases Small Business 401k Plan Design Study
Posted Holly Roussel-Godfrey on Nov 30, 2016
Study summarizes the most common plan designs used by 2,767 small business 401k plan sponsors nationwide
New Online 401(k) Plans Disrupt Retirement Market
Posted Holly Roussel-Godfrey on Sep 1, 2016
Eric Droblyen Comments On The Evolving Micro 401k Plan Market
Posted Holly Roussel-Godfrey on Nov 13, 2015
401(k) Solutions for Micro Plans. The recent announcement that Betterment is getting into the 401(k) business prompted a review of solutions for the micro plan market. Employee Fiduciary mentioned in an article on PlanSponsor.
Eric Droblyen Rebukes Hyperbole Used by Betterment CEO When Describing Company’s New 401k Product
Posted Holly Roussel-Godfrey on Nov 13, 2015
Stakeholders respond to Betterment’s launch. Robo-advisory platform for 401(k) plans making waves. Employee Fiduciary mentioned in an article on BenefitsPro.
Eric Droblyen Predicts How the DOL’s Fiduciary Rule Might Affect 401k Recordkeepers
Posted Holly Roussel-Godfrey on Nov 13, 2015
Will New DOL Rule Contain Fiduciary Surprise for 401k Recordkeepers? Eric Droblyen, President of Employee Fiduciary, was quoted by FiduciaryNews.com.
Employee Fiduciary Releases a Real-World Database of Small Business 401k Fees That Names Names with Full Dollar Cost Disclosures
Posted Holly Roussel-Godfrey on Sep 29, 2015
Employee Fiduciary has released its database of 401k fee comparisons compiled from live data over the last twelve months. The database lifts the lid on the overly complex and often misleading fees charged to small business retirement plans. The database identifies plan providers by name and provides searchable data that allow plan sponsors to compare and benchmark their current plan fees.
Simpler, Less Expensive 401(k) Options
Posted Holly Roussel-Godfrey on Sep 11, 2015
Employee Fiduciary recognized as a pioneer by New York Times!
Employee Fiduciary Recommended in Interview with Mark Zoril
Posted Holly Roussel-Godfrey on Aug 24, 2015
In an interview for FitSmallBusiness.com, "How small businesses can provide employees with a retirement plan? An Interview with Mark Zoril," Zoril recommends Employee Fiduciary for 401k recordkeeping.
Employee Fiduciary Announces Subsidiary
Posted Holly Roussel-Godfrey on Aug 5, 2015
Frugal Financial Delivers Low Cost, Fiduciary-Grade Investment Advice to 401k Plans Employee Fiduciary has announced the launch of Frugal Financial Retirement Plan Services, LLC (“Frugal Financial”), a wholly-owned subsidiary. Frugal Financial is a registered investment advisor, serving 401k and other types of retirement plans exclusively. It’s Frugal Financial’s mission to complement and ...
Employee Fiduciary Launches Financial Advisor Directory
Posted Holly Roussel-Godfrey on Jul 29, 2015
Employee Fiduciary, LLC announces the launch of its new, online Financial Advisor Directory. The directory will include the general contact information, website, types of plans administered, years in business, and credentials of all Employee Fiduciary financial advisor partners who submitted their business listing and have at least one plan with Employee Fiduciary. A search can be done by ...
Employee Fiduciary Announces Record Sales for First Half of 2015
Posted Holly Roussel-Godfrey on Jul 10, 2015
Employee Fiduciary announces record sales for the first half of 2015. The company saw a 64% increase in sales compared to the first half of 2014. With proposals up 65% compared with last year, Employee Fiduciary anticipates their rapid growth to continue for the remainder of 2015.
Small Companies Now Have No Excuse for a Lousy Retirement Plan
Posted Eric Droblyen on Jun 3, 2015
Eric Droblyen, president of Employee Fiduciary was quoted in an article on Bloomberg Business. Business owners might pay more attention to these fees if they were coming directly out of the company coffers. Instead, the fees are often passed on to workers in the form of higher mutual fund expenses. “If it’s not affecting your company bottom line, you don’t pay attention to fees,” said Eric ...
Benefits experts debate long-term impact of fiduciary rules on employers
Posted Eric Droblyen on Jun 3, 2015
Eric Droblyen, president and COO of Employee Fiduciary was quoted in an article on Employee Benefits News. “When the president announces that a proposed regulation has gone to the OMB it is clearly a priority for the administration,” said Eric Droblyen, president and COO of Employee Fiduciary, LLC in St. Petersburg, Fla. “I have to believe the DOL has learned a lesson in listening to the ...
Greg Carpenter interviewed by Nick Thorton
Posted Greg Carpenter on Feb 25, 2015
Greg Carpenter was interviewed by Nick Thorton, BenefitsPro.com. "Putting clients’ interests first all along." Greg Carpenter, a co-founder of Employee Fiduciary, a Mobile, Alabama-based RIA that specializes in the small-plan market, thinks the DOL’s proposed rule will, in fact, be disruptive to the 401(k) market, which remains dominated by the broker-dealer world, not RIA fiduciaries who ...
Greg Carpenter interviewed by the WSJ
Posted Greg Carpenter on Feb 20, 2015
Greg Carpenter was interviewed by the WSJ: "How to Lobby for a Better 401(k)." Consider writing a letter. "You've got to frame the request. Keep it positive. Put it in writing. Be prepared to assist," says Greg Carpenter, chief executive of Employee Fiduciary, which is based in Mobile, Ala., and offers record- keeping services to 401(k) plans.
Article by Greg Carpenter published on MarketWatch
Posted Greg Carpenter on Feb 13, 2015
Contrary to popular belief, it can be easy for small businesses to cut through the red tape and evaluate their 401(k) fees — even the ones that don't appear on a Form 5500 or quarterly statements. Read the article by Greg Carpenter "3 Easy Steps for Small Businesses to Evaluate 401k fees," on MarketWatch.com.
Greg Carpenter discusses 401k Plans with Donna Fuscaldo
Posted Greg Carpenter on Jan 30, 2015
Employee Fiduciary founder, Greg Carpenter discusses, "4 Ways to Tell if Your #401k is a Bad Egg," with Donna Fuscaldo at DailyFinance.com. Other than listing the fund's expense ratio, the industry isn't required to disclose where the money goes, making it easy to bury fees, says Greg Carpenter, founder of Employee Fiduciary. Which is why one sign you might be paying too much is when your ...
Eric Droblyen Interview with Jill Cornfield
Posted Eric Droblyen on Jan 29, 2015
Eric Droblyen Interviewed with Jill Cornfield - Asset International - "Two Sides Start Duking It Out on Fiduciary Rule."
How small business 401(k) plans will look in 10 years
Posted Greg Carpenter on Dec 15, 2014
An article by Greg Carpenter: "How small business 401(k) plans will look in 10 years" published on MarketWatch.com. By 2025, I believe all small business 401(k) plans will be cheap, simple to administer and free of conflicts of interest. Hidden fees will be gone. Plan participants will have access to a universe of investment choice and choose among the leading providers of investment ...
10 Insider Blogs Every 401k Plan Sponsor & Fiduciary Must Read (Part I)
Posted Greg Carpenter on Nov 25, 2014
Greg Carpenter, founder of Employee Fiduciary, is mentioned in this article, "10 Insider Blogs Every 401k Plan Sponsor & Fiduciary Must Read (Part I)" from FiduciaryNews.com.
Employee Fiduciary Announces Free 401k Fee Comparison Service
Posted Greg Carpenter on Jun 5, 2014
Employee Fiduciary, LLC today announced a new fee comparison service for 401k plan sponsors. The company will review and interpret a service provider’s Section 408(b)(2) fee disclosure document and plainly summarize its fees in dollars - both direct fees and indirect fees paid by mutual fund companies. There is no cost for this service.
401k Fee Disclosure One Year Later: What We’ve Learned
Posted Greg Carpenter on Jul 16, 2013
Greg Carpenter quoted by Fiduciary News. Speaking for many, Greg Carpenter, Founder & CEO of Employee Fiduciary in Mobile, Alabama says, “I do not believe the 401k Fee Disclosure Rule has been successful. The Department of Labor still allows investment providers to obfuscate fees. I have not seen any evidence the 401k Fee Disclosure Rule has been successful. It’s been business as usual with ...
Don’t Get Duped by Investment Fees
Posted Greg Carpenter on Nov 27, 2012
According to Greg Carpenter, chief executive of Employee Fiduciary, retirement investors are better off choosing passive mutual funds like an index fund or an ETF for their portfolio to avoid fees and have a greater portion of their money grow. “You really need to figure out why you’re paying (for an actively-managed fund) because a lot of the time you have a match from your employer. Why ...
Old School: The 401(k) Paper Chase
Posted Greg Carpenter on Nov 15, 2012
Old School: The 401(k) Paper Chase November 15, 2012 I recently spoke with Greg Carpenter, founder of Employee Fiduciary, a small business 401k administrator, who agreed that lack of clarity on plan expenses and share classes – whether a conscious decision on the part of the industry, or not – are probably a more important topic for advocates to tackle.
10 Things 401(k) Plans Won’t Tell You
Posted Greg Carpenter on Nov 9, 2012
10 Things 401(k) Plans Won’t Tell You November 9, 2012 Early contributors to 401k plans were mostly high earners, since they had the biggest tax bill and thus the greatest incentive to sock away pretax dollars in the plans, says Greg Carpenter, CEO of Employee Fiduciary, an independent administrator of 401k plans.
Paring 401(k) Expenses
Posted Greg Carpenter on Sep 11, 2012
Paring 401(k) Expenses September 11, 2012 Greg Carpenter, chief executive of Employee Fiduciary in Mobile, Ala., which provides retirement plan services, said the Labor Department disclosures “won’t show what kind of deal you’re getting” from your retirement plan. “The cost is not fully delineated,” he said.
What Small Businesses Should Look for in a 401(k) Plan
Posted Greg Carpenter on Jul 26, 2012
What Small Businesses Should Look for in a 401(k) Plan July 26, 2012 “Fees matter,” Carpenter says. “Over a long period of time even a quarter of a percent or less makes a huge difference in the value of the investment at retirement. The plan sponsor who has his or her eye of the ball needs to know this so they can make the best decisions about the employee’s money.”
4 key items to look for in new 401k disclosures
Posted Greg Carpenter on Jul 5, 2012
4 key items to look for in new 401k disclosures July 5, 2012 “You’re probably going to be in this 401k for a long time, so it’s your right to continually ask questions,” says Greg Carpenter, CEO of Employee Fiduciary, a Mobile, Ala.-based adviser to companies offering 401ks. “The disclosure you get shouldn’t be the end of your employer’s commitment to you. So don’t be afraid to make noise.”
New Fee Disclosure Rules Could Shake Up 401k World
Posted Greg Carpenter on Jun 24, 2012
New Fee Disclosure Rules Could Shake Up 401k World June 24, 2012 Carpenter, founder and chief executive of Employee Fiduciary, suggests that advisers keep it simple by breaking down costs into three buckets: investment fees, advisory fees and everything else that they need to run a plan.
After Years of DOL Bluster, New 401k Rules Appear to Make RIAs’ Low Expenses Look Higher than Those of Brokers
Posted Greg Carpenter on Jun 18, 2012
After Years of DOL Bluster, New 401k Rules Appear to Make RIAs’ Low Expenses Look Higher than Those of Brokers June 18, 2012 “These rules are kind of like our Articles of Confederation — which came before the Constitution. They stunk, but this isn’t the Constitution. This is the Articles of Confederation. I think they’ll come back, and we’ll get something better. The people who are engaged ...
Finally, A Decent 401k for Small Business
Posted Greg Carpenter on Nov 1, 2011
Finally, A Decent 401k for Small Business November 1, 2011 Then, several months ago, I discovered Employee Fiduciary Corp. This 401(k) administrator offers only Vanguard funds (which invariably have among the lowest operating costs in their category), and its administrative fees are rock bottom. Record keeping and administrative fees were only $1,500 annually for plans with under $1 million ...
250 State Street, Mobile, AL 36603
©2020 Employee Fiduciary