The Frugal Fiduciary Small Business 401(k) Blog

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401(k) Fees | 401(k) Studies | Financial Advice | Fiduciary Responsibility

Is Conflict-Free Investment Advice More Expensive than Conflicted Advice?

By: Eric Droblyen
May 20th, 2015

Critics of the DOL’s proposed fiduciary rule, also known as the "conflict of interest rule for investment advice," argue that the rule will make investment advice too costly for many 401k plans. If the critics are right, this issue would be a compelling reason to scuttle the rule – studies have shown that professional advice can help 401k participants increase investment returns. An Aon Hewitt study found that median investment returns for 401k participants using target-date funds, managed accounts and other investment advice were 3.32% greater than returns earned by participants that picked investments themselves.

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Revenue Sharing | 401(k) Fees | 401(k) Studies

Employee Fiduciary Announces Free 401k Fee Comparison Service

By: Greg Carpenter
June 5th, 2014

Service intended to help small businesses take current DOL fee disclosure regulations a step further.

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401(k) Plan Design Checklist

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Subscribe to the The Frugal Financial Small Business 401(k) Blog and receive this free checklist for help in determing the best 401(k) plan design options and fit for your company.

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401(k) Studies

Small business 401k participants using their 401k plans to save for retirement (!) Part 3 of 3

By: Greg Carpenter
May 23rd, 2014

401k plans are designed to help workers save for retirement. Unfortunately, 401k accounts often reduced prior to retirement by loans that are not repaid, hardship withdrawals, and cash-outs resulting from a job change. Experts call these reductions “leakage.” 401k leakage can greatly reduce a worker’s

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401(k) Studies

Here’s how our small business 401k plan clients use low-cost investments. Not the conventional wisdom. Part 2 of 3

By: Greg Carpenter
May 13th, 2014

Last week I discussed how the trend toward index investments among our clients is accelerating – even for the smallest 401k plans. This week some thoughts on how our clients are using index investments for long term asset allocation strategies.

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401(k) Studies

The Small Business 401k Plan in 2014: Our Clients Redefine the Conventional Wisdom - Part 1 of 3

By: Greg Carpenter
May 7th, 2014

 Smaller 401k plans pay more in fees and have a harder time implementing best practices – right? Not our clients.

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401(k) Fees | 401(k) Studies

Yale law professor again hammers high fees and revenue sharing. With a few reservations, I like what they have to say.

By: Greg Carpenter
March 5th, 2014

Yale law professor Ian Ayres got hammered last year when he co-authored a paper attacking high cost 401k plans. Professor Ayres and Professor Curtis of UVA are back with a new article on 401k fees and practices. While I don’t agree with every point made in the paper, I do endorse their focus on fees and transparency.

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