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) Administration Checklist for the 2020 Plan Year
An important 401(k) fiduciary responsibility is ensuring plan administration tasks are completed timely each year. Our checklist makes this job easy.Read More
How MEPs Signal a Broken 401(k) Industry
Multiple Employer Plans (MEPs) are better for the 401(k) industry than retirement plan savers and sponsors. Small business owners should avoid them.Read More
3 Warning Signs Your 401(k) Provider is Ripping You Off
If you’re a business owner, you must know how much your 401(k) plan costs because the consequences for paying excessive fees are high.Read More
401(k) Amendment Rules – Strict, but (Mostly) Straightforward
The Internal Revenue Service has strict rules for amending 401(k) plan documents. To stay out of trouble, employers should understand some amendment basics.Read More
401(k) Fee Study: What Does a Fiduciary-Grade Advisor Cost?
Our fee study of 753 fiduciary-grade financial advisors shows impartial advice reduces the total cost of a 401(k) plan. Employers should not settle for less.Read More
Revenue Sharing - 5 Reasons for 401(k) Fiduciaries to Avoid it
Revenue sharing makes it harder than necessary to meet 401(k) fiduciary responsibilities. Employers should pay direct 401(k) fees instead.Read More
The SPIVA Scorecard – A Must-Read for 401(k) Fiduciaries
The SPIVA Scorecard measures the percentage of active funds that outperform their market benchmark over specific periods of time, net of fees. Most don't.Read More
Employers Must Avoid 401(k) Providers They Can't Understand
Avoiding 401k fiduciary liability can be easy. You just need a basic understanding of your fiduciary responsibilities and an easy-to-monitor plan provider.Read More
401(k) Mutual Funds – Pay Attention to Share Class!
Mutual funds are often available in multiple share classes. To serve the best interest of 401k participants, the least expensive share class should be used.Read More
It's Too Easy to Conceal 401k Fees – We Need 408b-2 Reform
Fidelity is being accused of charging excessive, undisclosed 401(k) fees. Other providers obfuscate fees in 408b-2 disclosures. It's time for reform.Read More