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.
![403(b) or 401(k): Which is Best for a Tax-Exempt Organization?](https://www.employeefiduciary.com/hubfs/Confused%20man%20at%20crossroads%20before%20important%20choice-1.jpg)
403(b) or 401(k): Which is Best for a Tax-Exempt Organization?
![](http://www.employeefiduciary.com/hs-fs/hub/227641/file-2447430245-jpeg/images/7ef818d1f78a3ade3fe31c0d5d241188.jpeg)
By: Eric Droblyen
September 26th 2023
Tax exempts can help their employees save for retirement with a 403(b) or 401(k) plan. Understanding how these plans compare can make the best choice easy.
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![4 Questions to Achieve the Ideal 401(k) Plan](https://www.employeefiduciary.com/hubfs/blog-4-questions-ideal-401k-plan.jpeg)
4 Questions to Achieve the Ideal 401(k) Plan
![](http://www.employeefiduciary.com/hs-fs/hub/227641/file-2447430245-jpeg/images/7ef818d1f78a3ade3fe31c0d5d241188.jpeg)
By: Eric Droblyen
September 12th 2023
An ideal 401(k) plan helps employees and employers meet their goals at a low cost. Ask your plan provider four questions to achieve one for your business.
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![DOL Requests 401(k) Fee Disclosure Feedback; We Responded](https://www.employeefiduciary.com/hubfs/dol_fee_comment_blog.jpg)
DOL Requests 401(k) Fee Disclosure Feedback; We Responded
![](http://www.employeefiduciary.com/hs-fs/hub/227641/file-2447430245-jpeg/images/7ef818d1f78a3ade3fe31c0d5d241188.jpeg)
By: Eric Droblyen
August 29th 2023
Participant-directed 401(k) plans must distribute a fee disclosure to participants annually. We suggested content changes to the DOL to improve their effectiveness.
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![401(k) Contribution Deductibility - What Employers Need to Know](https://www.employeefiduciary.com/hubfs/shutterstock_2149828895%20%281%29.jpg)
401(k) Contribution Deductibility - What Employers Need to Know
![](https://www.employeefiduciary.com/hubfs/Furgala%20Headshot.jpeg)
By: Brian Furgala
August 15th 2023
Understanding the deduction rules for 401(k) plan contributions can significantly reduce your business’s tax liability. These rules boil down to limits and timing.
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![SECURE 2.0 Non-Discrimination Testing Changes: Good News for Small Businesses](https://www.employeefiduciary.com/hubfs/manaddingtosavingsjar-1.jpg)
SECURE 2.0 Non-Discrimination Testing Changes: Good News for Small Businesses
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By: Brian Furgala
August 1st 2023
The 401(k) non-discrimination testing changes made by SECURE 2.0 can help a small business increase employee savings and reduce plan costs.
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![How to Prepare Your 401(k) Plan for SECURE 2.0 Changes](https://www.employeefiduciary.com/hubfs/shutterstock_511739491%20%282%29.jpg)
How to Prepare Your 401(k) Plan for SECURE 2.0 Changes
![](https://www.employeefiduciary.com/hubfs/Furgala%20Headshot.jpeg)
By: Brian Furgala
July 18th 2023
Not preparing a 401(k) plan for SECURE 2.0 could lead to lower contribution limits, missed tax breaks, or unnecessary administration. Here are changes to consider.
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![Replacing a SIMPLE IRA with a 401(k) – Frequently Asked Questions](https://www.employeefiduciary.com/hubfs/shutterstock_2008290722%20%282%29.jpg)
Replacing a SIMPLE IRA with a 401(k) – Frequently Asked Questions
![](https://www.employeefiduciary.com/hubfs/Furgala%20Headshot.jpeg)
By: Brian Furgala
July 5th 2023
Replacing a small business SIMPLE IRA with a 401(k) is not a complicated process, but it does require planning. Our FAQ can help the process go smoothly.
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![401(k) Investment Selection – Don’t Let ESG Factors Distract You](https://www.employeefiduciary.com/hubfs/shutterstock_2035527743-1.jpg)
401(k) Investment Selection – Don’t Let ESG Factors Distract You
![](https://www.employeefiduciary.com/hubfs/Furgala%20Headshot.jpeg)
By: Brian Furgala
June 20th 2023
Fiduciaries should be focusing on relevant risk-return factors, including investment fees, in evaluating 401(k) investment options and not be distracted by ESG factors.
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![401(k) Forfeitures: How and When They Must Be Used](https://www.employeefiduciary.com/hubfs/shutterstock_188080406-1.jpg)
401(k) Forfeitures: How and When They Must Be Used
![](https://www.employeefiduciary.com/hubfs/Furgala%20Headshot.jpeg)
By: Brian Furgala
June 6th 2023
A forfeiture is the non-vested portion of a 401(k) account when certain events occur. We summarize how and when 401(k) plans must use forfeitures based on IRS rules.
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![New 401(k) Audit Rule for Form 5500 is Good News for Small Businesses](https://www.employeefiduciary.com/hubfs/form5500dolchanges.jpg)
New 401(k) Audit Rule for Form 5500 is Good News for Small Businesses
![](https://www.employeefiduciary.com/hubfs/Furgala%20Headshot.jpeg)
By: Brian Furgala
May 23rd 2023
Recent Form 5500 changes will subject fewer small business 401(k) plans to an independent qualified public accountant audit.
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