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Small Business 401(k) Blog

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.

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Fiduciary Responsibiilty | Multiple Employer Plans

401k Fiduciary Outsourcing: Does it Actually Increase an Employer’s Fiduciary Liability?

By: Eric Droblyen
September 9th, 2015

Last month, the DOL held 4 days of hearings regarding its proposed fiduciary rule. During these hearings, service providers, industry groups and academics shared their thoughts regarding the DOL proposal. Some of the most colorful testimony was given by Don Trone, a man some people call the “Father of Fiduciary.”

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Multiple Employer Plans

There are no “economies of scale” in 401k plans – unless you are trying to beat the market

By: Greg Carpenter
December 17th, 2014

Any 401k plan sponsor in America – repeat ANY – can buy market returns dirt cheap. There are no economies of scale in the market for indexed investments. No minimum purchase requirements. No high pressure sales pitches. Buy an index mutual fund or ETF and you’ve locked in market returns. As I have written previously, this indexed approach is the new baseline for small business 401k plans.

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401(k) Plan Design Checklist

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Subscribe to the The Frugal Financial Small Business 401(k) Blog and receive this free checklist for help in determing the best 401(k) plan design options and fit for your company.

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Multiple Employer Plans

Multiple Employer Plans (MEPs) are a marketing play, not a way to cut costs. We don’t need them.

By: Greg Carpenter
December 10th, 2014

MEPs have been floated as a way for small employers to somehow pool resources and negotiate better 401k deals that are supposedly available only to large employers. A great deal of lobbying money and Congressional attention has been invested in expanding MEP availability. Incoming Senate Finance Committee Chairman Hatch has authored a bill that makes the expansion of MEPs a key part of 401k reform legislation. The “open” MEP concept has also been included in other proposed legislation. Expect it to be reintroduced in 2015.

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Multiple Employer Plans

A Good Try from Congress, but Multiple Employer Plans are not the answer.

By: Greg Carpenter
February 3rd, 2014

 

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