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
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.Read More
Calculating ADP 401(k) Fees Using Their 408b-2 Disclosure
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.Read More
401(k) Fee Levelization – It Can Make Revenue Sharing Worse!
401k providers claim "fee levelization" makes revenue sharing payments more transparent and fair. In truth, the complicated process can do the opposite.Read More
Department of Labor 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
Unpacking the Complex Web of Insurance Company 401(k) Fees
All insurance company 401(k) providers - including John Hancock, Empower, Voya, Principal – charge hidden fees. Plan fiduciaries must be able to evaluate them.Read More
401(k) Admin Fees – The Benefits to Business Owners That Pay Them
Small business owners earn four valuable benefits when they pay their 401k administration fees from a corporate bank account instead of plan assets.Read More
Worried Your 401(k) Pays Hidden Fees? Answer 2 Questions to Find Out
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.Read More
Are Your 401(k) Fees “Reasonable?” Benchmark Them to Find Out
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.Read More
401(k) Fees – Frequently Asked Questions by Plan Fiduciaries
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.Read More
401(k) Fees: Are Traditional 401(k) Services Worth a Smaller Retirement Nest Egg?
The best small business 401k providers only charge fees for value-added 401k services. Providers with high priced superfluous services should be avoidedRead More