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Greg Carpenter

Greg Carpenter founded Employee Fiduciary in 2004. With 29 years of experience in accounting and finance, Greg has brought his expertise to a variety of advisory, senior and executive management roles. Greg has worked for a national accounting firm, a Fortune 500 plan sponsor, a major brokerage firm, and he served as the CEO of a major 401k TPA firm. He is a CPA and earned his BA from Yale and his MBA from The University of Chicago Booth School of Business.

Recent Posts

Greg Carpenter interviewed by Nick Thorton 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 ... Read Post
Greg Carpenter interviewed by the WSJ 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. Read Post
Article by Greg Carpenter published on MarketWatch 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.  Read Post
Greg Carpenter discusses 401k Plans with Donna Fuscaldo 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 ... Read Post
How small business 401(k) plans will look in 10 years 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 ... Read Post
10 Insider Blogs Every 401k Plan Sponsor & Fiduciary Must Read (Part I) 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. Read Post
Employee Fiduciary Announces Free 401k Fee Comparison Service 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. Read Post
401k Fee Disclosure One Year Later: What We’ve Learned 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 ... Read Post
Don’t Get Duped by Investment Fees 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 ... Read Post
Old School: The 401(k) Paper Chase 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. Read Post