Don’t miss out! November 2 is the employee notice deadline to replace a SIMPLE IRA with a 401(k) plan in 2024. 
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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 Simple Guide for Meeting 401(k) Fiduciary Responsibilities

A Simple Guide for Meeting 401(k) Fiduciary Responsibilities

By: Eric Droblyen

February 27th 2024

Meeting 401(k) fiduciary responsibilities does not need to be scary or time-consuming for small business plan sponsors. Following some simple guidance is the key.
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Roth Matching and Nonelective Contributions – What Employers Need to Know

Roth Matching and Nonelective Contributions – What Employers Need to Know

By: Eric Droblyen

February 13th 2024

Roth matching and nonelective contributions will be available to 401(k) plans soon. Here’s what employers need to know to decide if they are right for their plan.
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Deadlines for 401(k) Adoption – Including SECURE 2.0 Changes

Deadlines for 401(k) Adoption – Including SECURE 2.0 Changes

By: Eric Droblyen

January 31st 2024

The SECURE Act made it easier for businesses to adopt a new 401(k) plan or add a safe harbor feature to an existing plan by extending the deadlines to do so.
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How to Replace a SIMPLE IRA with a 401(k) - SECURE 2.0 Update

How to Replace a SIMPLE IRA with a 401(k) - SECURE 2.0 Update

By: Eric Droblyen

January 16th 2024

SECURE 2.0 allows employers to terminate a SIMPLE IRA mid-year by replacing the plan with a safe harbor 401(k) plan. Our checklist can make the job easy.
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The Top Ten Frugal Fiduciary 401(k) Blogs of 2023

The Top Ten Frugal Fiduciary 401(k) Blogs of 2023

By: Eric Droblyen

January 2nd 2024

Our top 10 blogs for 2023 are must-reads for small business 401(k) sponsors and participants. They cover plan contributions, law changes, and plan establishment.
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How Much a Low Cost 401(k) Can Increase Your Future Savings

How Much a Low Cost 401(k) Can Increase Your Future Savings

By: Eric Droblyen

December 19th 2023

The cumulative effect of 401(k) fees can cost a saver hundreds of thousands in retirement. Here’s what workers need to know to lower their fees today.
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401(k) Long-Term, Part Time Rules – What Employers Need to Know

401(k) Long-Term, Part Time Rules – What Employers Need to Know

By: Eric Droblyen

December 5th 2023

The SECURE Act’s long-term, part-time rules for 401(k) plans are complicated. Plan design changes can help employers with part-time employees avoid them.
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401(k) Annual Administration - A Checklist for Business Owners

401(k) Annual Administration - A Checklist for Business Owners

By: Eric Droblyen

November 21st 2023

An important 401(k) fiduciary responsibility is ensuring plan administration tasks are completed timely each year. Our checklist makes this job easy.
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Mega Backdoor Roth – A Perfect Fit for Solo 401(k) Plans

Mega Backdoor Roth – A Perfect Fit for Solo 401(k) Plans

By: Eric Droblyen

November 7th 2023

Mega backdoor Roth contributions allow high-income individuals to grow tax-free retirement savings quickly. A solo 401(k) plan is a perfect fit for the strategy.
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Is Your Company Part of an Affiliated Service Group? Know for Certain or Risk 401(k) Plan Disqualification

Is Your Company Part of an Affiliated Service Group? Know for Certain or Risk 401(k) Plan Disqualification

By: Eric Droblyen

October 24th 2023

Determining whether your company is part of an affiliated service group is complex, but necessary to avoid plan errors which can result in plan disqualification.
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