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.
Why All Employers Should Know their “All-In” 401(k) Fee
Breaking down the individual factors of a 401(k) plan is overwhelming. Instead, we recommend an All-In 401(k) fee that provides a single, total price.Read More
Former DOL Deputy Director declares scandal in IRA rollovers. It’s a scandal, just not the one he thinks it is.
The scandal is that we do not have fiduciary standards in place that require brokers and other advisors to act in the clients’ IRA best interests.Read More
New companies are trying to fill the gaps in 401(k) fee disclosure regulations. Here’s why they all fall short.
New companies are springing up to fill gaps in 401(k) fee disclosure regulations. Here is what small business retirement plan sponsors need to know.Read More
Plan re-enrollment: The “Wonder Drug” for your company’s retirement plan. It’s cheap, simple and benefits sponsors and employees.
Plan re-enrollment can be effective putting your small business retirement plan back on track to success. cheap and simple to implement.Read More
Former Obama administration official offers a plan to “fix” the tax incentives for retirement plans. Here is why it is dead wrong.
Prominent politico offers a plan for getting more people to save for retirement. Here’s why I disagree. Change tax laws, not 401k rules for retirement plansRead More
In small business retirement plans, the employees with the smallest balances need the most help. Here’s my frugal guide to making the plan work for everyone in your organization.
Making small business retirement plans work for the employees on the shop floor.Read More
Revenue sharing is on the decline in 401(k) plans. Three reasons why it will soon be gone altogether.
Revenue sharing is the practice of adding additional non-investment related fees to the expense ratio of a mutual fund. The investors don’t see the fees being deducted.Read More
GAO suggests changes to the Form 5500 to promote clarity and consistency. We agree.
401k service providers dislike Form 5500 because completing the form for clients is like playing a game of Twister. Form 5500 fee disclosures are not consistent with others.Read More
Low-cost target date index funds will fundamentally reshape the market for small business retirement plans – and soon!
Target date index funds (TDIFs) are universally available. TDIFs are cheap to own and trade. There are few or no restrictions on redemptions.Read More
Wall Street Journal article proposes sweeping changes to improve small business retirement plans – including simplifying fee disclosures and requiring index funds. Here’s our analysis.
Employee Fiduciary breaks down Anna Prior, WSJ.com article (“How to Fix the 401(k)”) and the five reforms she recommends for small business retirement plansRead More