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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.
401(k) Rollovers: When One is in Your Best Interest

401(k) Rollovers: When One is in Your Best Interest

By: Eric Droblyen

May 15th 2019

After leaving a job, you must decide what to do with your 401(k) account. A rollover may or may not be in your best interest. Here's how to decide.
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401(k) Mutual Funds – Pay Attention to Share Class!

401(k) Mutual Funds – Pay Attention to Share Class!

By: Eric Droblyen

May 1st 2019

Mutual funds are often available in multiple share classes. To serve the best interest of 401k participants, the least expensive share class should be used.
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It's Too Easy to Conceal 401k Fees – We Need 408b-2 Reform

It's Too Easy to Conceal 401k Fees – We Need 408b-2 Reform

By: Eric Droblyen

April 17th 2019

Fidelity is being accused of charging excessive, undisclosed 401(k) fees. Other providers obfuscate fees in 408b-2 disclosures. It's time for reform.
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401(k) Investment Advice – Pros and Cons of the 3 Basic Forms

401(k) Investment Advice – Pros and Cons of the 3 Basic Forms

By: Eric Droblyen

April 3rd 2019

401(k) participants can receive professional investment advice from a mutual fund, financial advisor, or algorithm today. Each advice form has pros and cons
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Small Business 401(k) Plan Design Study: What 3,975 401(k) Plans Are Doing

Small Business 401(k) Plan Design Study: What 3,975 401(k) Plans Are Doing

By: Eric Droblyen

March 20th 2019

The right 401(k) plan design can help a small business meet plan goals at the lowest possible cost. Our study summarizes the designs of 3,975 401(k) plans
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Safe Harbor or Traditional 401(k) Plan – How to Decide

Safe Harbor or Traditional 401(k) Plan – How to Decide

By: Eric Droblyen

March 6th 2019

Safe harbor 401(k) plans are the most popular type of 401(k) used by small businesses today, but they are not the best fit for every small business.
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Hardship 401(k) Distributions – Frequently Asked Questions

Hardship 401(k) Distributions – Frequently Asked Questions

By: Eric Droblyen

February 20th 2019

At first blush, the 401(k) hardship distribution rules can seem overwhelming. In truth, most can be understood with some basic education. Our FAQ can help.
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Applying Jack Bogle’s Guiding Principle to 401(k) Provider Fees

Applying Jack Bogle’s Guiding Principle to 401(k) Provider Fees

By: Eric Droblyen

February 6th 2019

Jack Bogle's guiding principle was simple - costs matter. 401(k) participants should apply the same principle to 401(k) provider fees paid by their account.
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How Compound Interest and Dollar Cost Averaging Reduce the Cost of Retirement

How Compound Interest and Dollar Cost Averaging Reduce the Cost of Retirement

By: Eric Droblyen

January 23rd 2019

Saving for retirement can seem futile when you can't afford to contribute much to a 401(k) plan. Compound interest and dollar cost averaging can help.
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401(k) Contribution Deadlines – You Don’t Want to Miss Them!

401(k) Contribution Deadlines – You Don’t Want to Miss Them!

By: Eric Droblyen

January 9th 2019

When 401(k) contributions - employee or employer - are deposited late, there are consequences for employers. With some education, they are easily avoided.
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