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.
3 Common 401(k) Provider Conflicts of Interest!
Employers have a fiduciary responsibility to evaluate their 401(k) provider's conflicts of interest. They risk personal liability when they don't.Read More
DOL Guidance for Paying 401(k) Fees from Plan Assets
The DOL divides 401(k) fees into two categories – administrative and settlor expenses. Employers can only pay administrative expenses from plan assetsRead More
The DOL Fiduciary Rule – What Employers Need to Know
What small businesses need to know about the DOL’s Fiduciary Rule is basic: their advisor receives commissions that can increase 401(k) plan sponsor liability.Read More
DOL Fiduciary Rule: Good for Business But Opposed by the U.S. Chamber of Commerce
The employer benefits of the DOL Fiduciary Rule should get more attention. The regulation will lower 401(k) fees, and in turn, reduce fiduciary liability.Read More
Fee Study of 525 401(k) Financial Advisors – Fiduciary Advice Costs Less!
To lower their 401k plan liability, small businesses should only hire fiduciary-grade financial advisors. Our study shows their superior care can cost less.Read More
Will Trial Lawyers be the Sole Beneficiary of a Watered-Down Fiduciary Rule?
DOL’s fiduciary rule is good news for 401k lawyers, bad news for 401k advisors, 401k fiduciaries and participants.Read More
The DOL’s Fiduciary Rule: Why Can’t Regulators do Simple?
DOL regulations make it difficult for small business 401k plan sponsors to meet their fiduciary responsibilities.Read More
DOL’s Fiduciary Rule Advances to OMB; Not Everyone is Happy about It
Why the DOL’s Fiduciary Rule is good news for small business retirement plans.Read More
NAPA stakes a position against the DOL’s fiduciary rule
NAPA is missing the point of a fiduciary rule. DOL is saying it’s too easy for unscrupulous or incompetent brokers to steer investors to products with higher fees.Read More