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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.
A Simple Guide for Meeting 401(k) Fiduciary Responsibilities

A Simple Guide for Meeting 401(k) Fiduciary Responsibilities

By: Eric Droblyen

February 27th 2024

Meeting 401(k) fiduciary responsibilities does not need to be scary or time-consuming for small business plan sponsors. Following some simple guidance is the key.
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401(k) Annual Administration - A Checklist for 2022

401(k) Annual Administration - A Checklist for 2022

By: Eric Droblyen

December 8th 2021

An important 401(k) fiduciary responsibility is ensuring plan administration tasks are completed timely each year. Our 2022 checklist makes this job easy.
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401(k) Fiduciary Liability Insurance – Factors that Raise Premiums

401(k) Fiduciary Liability Insurance – Factors that Raise Premiums

By: Eric Droblyen

August 4th 2021

Understanding the factors that increase the price of 401(k) fiduciary liability insurance coverage can help plan fiduciaries more easily avoid liability.
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401(k) Plan Oversight - Understanding Your Fiduciary Hierarchy is Key

401(k) Plan Oversight - Understanding Your Fiduciary Hierarchy is Key

By: Eric Droblyen

July 7th 2021

As a business owner, you want to understand the basic fiduciary hierarchy applicable to all 401(k) plans and the responsibilities of each role within it.
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401(k) Fiduciary Outsourcing – Roles That MEPs Can Abuse

401(k) Fiduciary Outsourcing – Roles That MEPs Can Abuse

By: Eric Droblyen

October 28th 2020

Multiple-Employer 401k Plans (MEPs) require business owners to delegate fiduciary roles to their provider. This delegation makes MEPs highly prone to abuse.
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401(k) Administration Checklist for the 2020 Plan Year

401(k) Administration Checklist for the 2020 Plan Year

By: Eric Droblyen

December 11th 2019

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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Apathy is the #1 Source of 401(k) Liability – It’s Easy to Avoid

Apathy is the #1 Source of 401(k) Liability – It’s Easy to Avoid

By: Eric Droblyen

October 17th 2018

401(k) fiduciary responsibilities are manageable once they’re understood. The problem is many small businesses don’t make the effort.
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401(k) Participant Disclosures - What Employers Need to Know

401(k) Participant Disclosures - What Employers Need to Know

By: Eric Droblyen

July 25th 2018

401k plans have complicated participant disclosure rules. However, the plan sponsor's role in meeting them is basic when a qualified 401k provider is used.
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401(k) Fidelity Bonds – Frequently Asked Questions

401(k) Fidelity Bonds – Frequently Asked Questions

By: Eric Droblyen

June 27th 2018

An ERISA fidelity bond protects 401(k) plan participants against losses caused by acts of fraud or dishonesty. Employers should understand their basics.
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Understanding a 401(k) Plan’s Fiduciary Hierarchy Can Make It Easier for Employers To Meet Fiduciary Responsibilities

Understanding a 401(k) Plan’s Fiduciary Hierarchy Can Make It Easier for Employers To Meet Fiduciary Responsibilities

By: Eric Droblyen

December 16th 2015

401(k) fiduciary responsibility is receiving increased attention, but employers are still unclear about meeting their plan’s fiduciary responsibilities.
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