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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) Reform – How to Make Plans More Transparent

401(k) Reform – How to Make Plans More Transparent

By: Eric Droblyen

November 11th 2020

401(k) plans should offer objective value for participants and straightforward fiduciary responsibilities for business owners. Often, they deliver neither.
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The DOL Finalizes New Electronic 401(k) Disclosure Rules

The DOL Finalizes New Electronic 401(k) Disclosure Rules

By: Eric Droblyen

June 24th 2020

The new DOL rule would allow employers to electronically deliver required 401(k) notices to all plan participants by e-mail or by posting them to a website.
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The CARES Act - 401(k) Participant Distribution and Loan Options

The CARES Act - 401(k) Participant Distribution and Loan Options

By: Eric Droblyen

April 15th 2020

Taking a CARES Act 401(k) distribution or loan can delay an individual's future retirement by years. Our overview can help weigh this difficult decision.
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COVID-19 – 401(k) FAQs for Business Owners and Plan Participants

COVID-19 – 401(k) FAQs for Business Owners and Plan Participants

By: Eric Droblyen

March 31st 2020

Many small business owners affected by COVID-19 want to know how to defray their 401(k) plan expenses or help workers tap their savings. Our FAQ can help.
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The SECURE Act of 2019 – An Analysis of Key 401(k) Changes

The SECURE Act of 2019 – An Analysis of Key 401(k) Changes

By: Eric Droblyen

January 8th 2020

The SECURE Act of 2019 is the most extensive retirement plan legislation in over a decade. 401k sponsors and participants must understand its key changes.
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The DOL Proposes New Electronic 401(k) Disclosure Rules

The DOL Proposes New Electronic 401(k) Disclosure Rules

By: Eric Droblyen

November 13th 2019

The proposal would allow employers to electronically deliver 401(k) disclosures to plan participants by posting them to a website. This reform is overdue.
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The SECURE Act and RESA - the Good, the Bad, and the Ugly

The SECURE Act and RESA - the Good, the Bad, and the Ugly

By: Eric Droblyen

May 29th 2019

Congress wants to expand workplace retirement plan coverage. The SECURE Act and RESA aim to do that. They offer 401(k) reform, but won't expand coverage.
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How Trump’s Executive Order on Retirement Plans Falls Short

How Trump’s Executive Order on Retirement Plans Falls Short

By: Eric Droblyen

September 19th 2018

Multiple Employer 401(k) Plans (MEPs) are not the answer for expanding small business retirement plan coverage. Other reforms would be more effective.
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401(k) Cybercrime – Key to Keeping a Plan Safe Is Not Delegating Fiduciary Responsibilities

401(k) Cybercrime – Key to Keeping a Plan Safe Is Not Delegating Fiduciary Responsibilities

By: Eric Droblyen

September 20th 2017

Some employers delegate fiduciary roles that approve cash disbursements to their 401(k) provider, which can make a 401(k) plan more vulnerable to cybertheft.
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Expanding Small Biz Retirement Plan Coverage – 401(k) Reforms Are Needed

Expanding Small Biz Retirement Plan Coverage – 401(k) Reforms Are Needed

By: Eric Droblyen

July 12th 2017

Americans save more for retirement when they can do so by payroll deduction, but less than half of small businesses sponsor a retirement plan.
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