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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.
The DOL’s New Retirement Security Rule - A Win for Retirement Investors

The DOL’s New Retirement Security Rule - A Win for Retirement Investors

By: Eric Droblyen

May 7th 2024

The DOL's Retirement Security Rule aims to protect investors by making all professional retirement advice subject to ERISA’s rigorous fiduciary standards.
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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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