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 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
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
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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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?
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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DOL’s Fiduciary Rule Advances to OMB; Not Everyone is Happy about It
By: Eric Droblyen
March 4th 2015
Why the DOL’s Fiduciary Rule is good news for small business retirement plans.
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NAPA stakes a position against the DOL’s fiduciary rule
By: Eric Droblyen
January 26th 2015
NAPA is missing the point of a fiduciary rule. DOL is saying it’s too easy for unscrupulous or incompetent brokers to steer investors to products with higher fees.
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MassMutual settled its “functional fiduciary” lawsuit – a cause for hope for greater fee transparency.
By: Greg Carpenter
November 10th 2014
MassMutual Life Insurance Company settled its functional fiduciary lawsuit. Revenue sharing payments were not disclosed to the plan sponsor.
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Edison International case highlights a needed reform: Share class restrictions in 401(k) plans.
By: Greg Carpenter
October 23rd 2014
The time has come for share class reform in 401(k) plans. The use of multiple share classes for mutual funds in 401k plans is confusing small business retirement plan sponsors.
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Senate Finance Committee holds a hearing today on “Retirement Savings 2.0.” Here is what they should address to help small business retirement plans.
By: Greg Carpenter
September 16th 2014
Congress should provide greater incentives, 401k participation should become a serious commitment by the employee for their small business retirement plans
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