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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.
Starting a 401(k)? A Short Initial Plan Year is Probably a Bad Idea

Starting a 401(k)? A Short Initial Plan Year is Probably a Bad Idea

By: Eric Droblyen

April 14th 2021

401(k) plans must define a plan year cycle for annual administration. Most new plans should avoid a short plan year for first year administration.
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Design a 401(k) Plan Like a Pro in 6 Steps

Design a 401(k) Plan Like a Pro in 6 Steps

By: Eric Droblyen

March 31st 2021

Expert 401(k) plan design can help small business owners meet their plan goals for thousands less. The process can be completed in 30 minutes or less.
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How to Lobby Your Employer for a Better 401(k) Plan

How to Lobby Your Employer for a Better 401(k) Plan

By: Eric Droblyen

March 17th 2021

401(k) plans with top investments and no admin fees can help you retire years sooner by delivering much higher returns. Here's how to lobby for such a plan.
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The Benefits of a 401(k) Plan for Employers and Employees

The Benefits of a 401(k) Plan for Employers and Employees

By: Eric Droblyen

March 3rd 2021

When a small business offers a 401(k) plan, it’s often a win-win for business owners and employees. Here are some of the top benefits of these plans.
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Want to Retire Early? Three 401(k) Features That Can Help

Want to Retire Early? Three 401(k) Features That Can Help

By: Eric Droblyen

February 17th 2021

For 401(k) participants to reach their retirement savings goal as soon as possible, they will need help from their plan. These are the features they'll need.
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401(k) Plan Restatements - Save Fees With These Amendments

401(k) Plan Restatements - Save Fees With These Amendments

By: Eric Droblyen

February 3rd 2021

Most 401(k) plans must be 'restated' to reflect IRS Cycle 3 (or 'post-PPA') changes from August 1, 2020 to July 31, 2022. Here are some amendments to include.
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401(k) Nondiscrimination Testing - Basics and Deadlines

401(k) Nondiscrimination Testing - Basics and Deadlines

By: Eric Droblyen

January 19th 2021

401(k) plans must pass nondiscrimination tests each year to confirm HCEs do not disproportionately benefit and that no IRS contribution limits are exceeded.
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'Hidden' 401(k) Fees – What Business Owners Need to Know

'Hidden' 401(k) Fees – What Business Owners Need to Know

By: Eric Droblyen

January 6th 2021

Hidden administration fees increase the cost of investing for 401(k) participants - reducing their returns. Here are the most common and how to uncover them.
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The Top Ten Frugal Fiduciary 401(k) Blogs of 2020

The Top Ten Frugal Fiduciary 401(k) Blogs of 2020

By: Eric Droblyen

December 23rd 2020

Our top 10 blogs for 2020 are must-reads for small business 401(k) sponsors and participants. They cover plan administration, features, fees and providers.
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How to Find & Calculate Transamerica 401(k) Fees

How to Find & Calculate Transamerica 401(k) Fees

By: Eric Droblyen

December 17th 2020

Finding Transamerica 401k fees isn't easy. In this guide, we'll show you average Transamerica fees, then how to find & calculate them in your plan.
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