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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) Annual Administration - A Checklist for Business Owners

401(k) Annual Administration - A Checklist for Business Owners

By: Eric Droblyen

November 22nd 2022

An important 401(k) fiduciary responsibility is ensuring plan administration tasks are completed timely each year. Our checklist makes this job easy.
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New 401(k) Lifetime Income Disclosures – What to Know

New 401(k) Lifetime Income Disclosures – What to Know

By: Eric Droblyen

June 22nd 2022

The SECURE Act's lifetime income disclosure should help 401(k) participants understand how much income their account balance could produce in retirement.
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Preventing Identity Theft in a Retirement Program as an Employer

Preventing Identity Theft in a Retirement Program as an Employer

By: Eric Droblyen

July 1st 2021

Identity theft is a big problem with retirement plans. Learn the steps you can take to protect your participants.
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Lost Participants – What Employers Need to Know

Lost Participants – What Employers Need to Know

By: Eric Droblyen

July 1st 2021

One of the most frustrating issues plan sponsors run into is locating “lost” participants. Learn how to handle this issue in this quick read.
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Terminating Your Plan? Here’s What You Need to Know

Terminating Your Plan? Here’s What You Need to Know

By: Eric Droblyen

July 1st 2021

Learn about the process of terminating your 401(k) plan. Discover actions required, fully vesting participant accounts, IRS involvement, participant options & necessary last steps to avoid penalties.
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How to Select an Auditor for the Form 5500

How to Select an Auditor for the Form 5500

By: Eric Droblyen

July 1st 2021

Learn how to select the right 401k auditor, avoid costly mistakes, and ensure compliance with ERISA. Discover what qualities to look for, and where to find reputable auditors.
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401(k) Earned Income – What Employers Need to Know

401(k) Earned Income – What Employers Need to Know

By: Eric Droblyen

June 9th 2021

401(k) plans must allocate and test the contributions made to self-employed individuals using a special definition of plan compensation called earned income.
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How Much Time Does Annual 401(k) Administration Take?

How Much Time Does Annual 401(k) Administration Take?

By: Eric Droblyen

July 8th 2020

401(k) administration shouldn't take small businesses much time. A quality provider will do the heavy lifting, leaving an owner with basic tasks to complete.
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401(k) Amendment Rules – Strict, but (Mostly) Straightforward

401(k) Amendment Rules – Strict, but (Mostly) Straightforward

By: Eric Droblyen

September 18th 2019

The Internal Revenue Service has strict rules for amending 401(k) plan documents. To stay out of trouble, employers should understand some amendment basics.
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The 401(k) Form 5500 – Frequently Asked Questions (FAQ)

The 401(k) Form 5500 – Frequently Asked Questions (FAQ)

By: Eric Droblyen

March 7th 2018

The Form 5500 discloses 401(k) plan information to the Federal government and plan participants. Employers must understand their plan's filing requirements.
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