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) Fee Study: How Much Does a Fiduciary-Grade Advisor Cost?
Our fee study of 860 fiduciary-grade 401(k) financial advisors shows impartial advice reduces the total cost of a retirement plan. Employers should not settle for less.Read More
Employee Fiduciary Launches New 401(k) Fee Savings Calculator
Paying low 401(k) fees during your working years can mean dramatically higher savings in retirement. Our 401(k) fee calculator estimates how much higher.Read More
Proposed 5500 Reform Won’t Help 401(k) Fee Benchmarking
401(k) fees can be impossible for plan fiduciaries and participants to compare apples-to-apples. Proposed Form 5500 changes will do little to help.Read More
GAO Recommends Much Needed 401(k) Fee Disclosure Reform
The GAO found 40% of plan participants do not understand the 401k fee information mandated by the DOL; recommends welcome fee disclosure reform.Read More
Could the FTC Save Consumers from Hidden 401(k) Fees?
The Institute for Policy Integrity petitioned the Federal Trade Commission (FTC) to ban “hidden fees in all industries." They should start with hidden 401(k) fees.Read More
401(k) Fiduciary Liability Insurance – Factors that Raise Premiums
Understanding the factors that increase the price of 401(k) fiduciary liability insurance coverage can help plan fiduciaries more easily avoid liability.Read More
How to Simplify Your 401k Admin with a Cycle 3 Plan Restatement
Most 401(k) plans must be "restated" to reflect IRS-mandate Cycle 3 changes from August 1, 2020 to July 31, 2022. Here are some plan simplifications to consider.Read More
401(k) Plan Oversight - Understanding Your Fiduciary Hierarchy is Key
As a business owner, you want to understand the basic fiduciary hierarchy applicable to all 401(k) plans and the responsibilities of each role within it.Read More
Preventing Identity Theft in a Retirement Program as an Employer
Identity theft is a big problem with retirement plans. Learn the steps you can take to protect your participants.Read More