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Employee Fiduciary Announces Subsidiary 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 ... Read Post
Employee Fiduciary Announces Record Sales for First Half of 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.  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
Paring 401(k) Expenses 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. Read Post