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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.
DOL Requests 401(k) Fee Disclosure Feedback; We Responded

DOL Requests 401(k) Fee Disclosure Feedback; We Responded

By: Eric Droblyen

August 29th 2023

Participant-directed 401(k) plans must distribute a fee disclosure to participants annually. We suggested content changes to the DOL to improve their effectiveness.
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SECURE Act 2.0 – A Summary of the Major 401(k) Provisions

SECURE Act 2.0 – A Summary of the Major 401(k) Provisions

By: Eric Droblyen

January 17th 2023

SECURE 2.0 makes sweeping changes to 401(k) plans. Employers should understand the most significant provisions to prepare their 401(k) plan for them.
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The Top 401(k) Priorities on the DOL’s Regulatory Agenda

The Top 401(k) Priorities on the DOL’s Regulatory Agenda

By: Eric Droblyen

August 30th 2022

The DOL's latest regulatory agenda includes 401(k) reform. I recommend 401(k) fiduciaries check it out to learn the DOL's priorities.
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The DOL Fiduciary Rule – What Employers Need to Know

The DOL Fiduciary Rule – What Employers Need to Know

By: Eric Droblyen

June 14th 2017

What small businesses need to know about the DOL’s Fiduciary Rule is basic: their advisor receives commissions that can increase 401(k) plan sponsor liability.
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DOL Fiduciary Rule: Good for Business But Opposed by the U.S. Chamber of Commerce

DOL Fiduciary Rule: Good for Business But Opposed by the U.S. Chamber of Commerce

By: Eric Droblyen

May 3rd 2017

The employer benefits of the DOL Fiduciary Rule should get more attention. The regulation will lower 401(k) fees, and in turn, reduce fiduciary liability.
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Government Shocker! The 401(k) Form 5500 May Become Useful Soon

Government Shocker! The 401(k) Form 5500 May Become Useful Soon

By: Eric Droblyen

September 21st 2016

The government is proposing substantial changes to the Form 5500 for 2019. These changes would make 401k information more accessible to stakeholders.
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What’s the #1 Reason for 401(k) Lawsuits?  Overpriced or Superfluous 401(k) Services

What’s the #1 Reason for 401(k) Lawsuits?  Overpriced or Superfluous 401(k) Services

By: Eric Droblyen

May 4th 2016

The DOL’s new fiduciary rule will make the value of 401k services more important than ever. Small business 401k fiduciaries should root out overpriced or superfluous 401k services to protect themselves from personal liability.
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The DOL’s New Fiduciary Rule – the Value of 401(k) Investment Services Will Be More Critical Than Ever

The DOL’s New Fiduciary Rule – the Value of 401(k) Investment Services Will Be More Critical Than Ever

By: Eric Droblyen

April 20th 2016

The final version of the DOL’s fiduciary rule was released April 6. This rule will make the value of 401k investments and related services more critical than ever for small businesses and financial advisors.
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Will Trial Lawyers be the Sole Beneficiary of a Watered-Down Fiduciary Rule?

Will Trial Lawyers be the Sole Beneficiary of a Watered-Down Fiduciary Rule?

By: Eric Droblyen

July 29th 2015

DOL’s fiduciary rule is good news for 401(k) lawyers, bad news for 401(k) advisors, 401(k) fiduciaries and participants.
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The DOL’s Fiduciary Rule: Why Can’t Regulators do Simple?

The DOL’s Fiduciary Rule: Why Can’t Regulators do Simple?

By: Eric Droblyen

June 17th 2015

DOL regulations make it difficult for small business 401k plan sponsors to meet their fiduciary responsibilities.
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