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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.
401(k) Distributions - FAQs for Employers

401(k) Distributions - FAQs for Employers

By: Eric Droblyen

June 8th 2022

When employers do not follow their 401(k)'s distribution rules, IRS penalties can result. Our distribution guide can help employers avoid these consequences.
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Five Reasons Why Hidden 401(k) Fees Should be Illegal

Five Reasons Why Hidden 401(k) Fees Should be Illegal

By: Eric Droblyen

March 16th 2022

Hidden 401(k) fees should be illegal. They can make it almost impossible for employers to protect the interests of plan participants and avoid fiduciary liability.
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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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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) 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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