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 and 0.06% of assets for plans with more. There is also a one-time startup fee of $500 for a new plan and $1,000 to modify an existing plan. In my personal blog, I called this the best small biz 401k provider.
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.