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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.
How to Total Paychex 401(k) Fees Using Their 408b-2 Disclosure

How to Total Paychex 401(k) Fees Using Their 408b-2 Disclosure

By: Eric Droblyen

September 5th 2018

Paychex is one of the largest 401(k) providers in country. Their 408b-2 fee disclosure is also one of the worst. Here are 3 steps for deciphering it.
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Calculating ADP 401(k) Fees Using Their 408b-2 Disclosure

Calculating ADP 401(k) Fees Using Their 408b-2 Disclosure

By: Eric Droblyen

August 22nd 2018

ADP is one of the largest 401(k) providers in country. Their 408b-2 fee disclosure is also one of the worst. Here are 3 steps for deciphering it.
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401(k) Fee Levelization – It Can Make Revenue Sharing Worse!

401(k) Fee Levelization – It Can Make Revenue Sharing Worse!

By: Eric Droblyen

July 11th 2018

401k providers claim "fee levelization" makes revenue sharing payments more transparent and fair. In truth, the complicated process can do the opposite.
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Department of Labor Guidance for Paying 401(k) Fees from Plan Assets

Department of Labor Guidance for Paying 401(k) Fees from Plan Assets

By: Eric Droblyen

April 4th 2018

The DOL divides 401(k) fees into two categories – administrative and settlor expenses. Employers can only pay administrative expenses from plan assets
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Unpacking the Complex Web of Insurance Company 401(k) Fees

Unpacking the Complex Web of Insurance Company 401(k) Fees

By: Eric Droblyen

March 21st 2018

All insurance company 401(k) providers - including John Hancock, Empower, Voya, Principal – charge hidden fees. Plan fiduciaries must be able to evaluate them.
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401(k) Admin Fees – The Benefits to Business Owners That Pay Them

401(k) Admin Fees – The Benefits to Business Owners That Pay Them

By: Eric Droblyen

January 24th 2018

Small business owners earn four valuable benefits when they pay their 401k administration fees from a corporate bank account instead of plan assets.
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Worried Your 401(k) Pays Hidden Fees? Answer 2 Questions to Find Out

Worried Your 401(k) Pays Hidden Fees? Answer 2 Questions to Find Out

By: Eric Droblyen

November 29th 2017

Employers have a fiduciary responsibility to pay only reasonable fees from 401k plan assets. Avoid hidden 401k fees to make this job as easy as possible.
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Are Your 401(k) Fees “Reasonable?”  Benchmark Them to Find Out

Are Your 401(k) Fees “Reasonable?”  Benchmark Them to Find Out

By: Eric Droblyen

June 28th 2017

Small businesses have a fiduciary responsibility to pay only reasonable 401k fees, but "reasonable" is not defined. Benchmarking 401(k) providers and industry averages is the key to confirming 401k fee reasonableness.
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401(k) Fees – Frequently Asked Questions by Plan Fiduciaries

401(k) Fees – Frequently Asked Questions by Plan Fiduciaries

By: Eric Droblyen

March 8th 2017

The #1 source for 401(k) fiduciary liability today is paying excessive fees to plan service providers. Our FAQ can help small businesses evaluate their fees.
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401(k) Fees: Are Traditional 401(k) Services Worth a Smaller Retirement Nest Egg?

401(k) Fees: Are Traditional 401(k) Services Worth a Smaller Retirement Nest Egg?

By: Eric Droblyen

November 16th 2016

The best small business 401k providers only charge fees for value-added 401k services. Providers with high priced superfluous services should be avoided
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