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.

How to Prepare Your 401(k) Plan for SECURE 2.0 Changes

By: Brian Furgala
July 18th 2023
Not preparing a 401(k) plan for SECURE 2.0 could lead to lower contribution limits, missed tax breaks, or unnecessary administration. Here are changes to consider.
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401(k) Eligibility: When to Let Employees Join Your Plan

By: Eric Droblyen
April 11th 2023
Company goals, employee demographics, and plan features are all factors small businesses should consider when choosing 401(k) eligibility terms.
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Automatic Enrollment – Is It Right for Your Small Business 401(k) Plan?

By: Brian Furgala
March 14th 2023
Learn the 3 options of automatic enrollment in a 401(k) plan and decide which is right for your business. Plus, read the latest changes from SECURE 2.0.
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401(k) Plan Design Choices to Simplify Annual Admin the Most

By: Eric Droblyen
December 6th 2022
Proper 401(k) plan design can reduce the time employers must spend on annual plan administration by hours. We outline the simplest options to administer.
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The Ultimate Guide to Safe Harbor 401(k) Plans

By: Eric Droblyen
March 30th 2022
Safe harbor 401(k) plans are popular with small businesses that struggle to pass IRS-mandated nondiscrimination testing. Our guide answers common questions.
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How to Simplify Your 401k Admin with a Cycle 3 Plan Restatement

By: Eric Droblyen
July 21st 2021
Most 401(k) plans must be "restated" to reflect IRS-mandate Cycle 3 changes from August 1, 2020 to July 31, 2022. Here are some plan simplifications to consider.
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Is Your Company Part of a Controlled Group? You Need to Know or Risk 401(k) Plan Disqualification

By: Eric Droblyen
May 26th 2021
IRS controlled group rules often obligate 2 or more employers with common ownership to cover their employees with the same 401k plan in order to pass annual nondiscrimination testing.
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Starting a 401(k)? A Short Initial Plan Year is Probably a Bad Idea

By: Eric Droblyen
April 14th 2021
401(k) plans must define a plan year cycle for annual administration. Most new plans should avoid a short plan year for first year administration.
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Design a 401(k) Plan Like a Pro in 6 Steps

By: Eric Droblyen
March 31st 2021
Expert 401(k) plan design can help small business owners meet their plan goals for thousands less. The process can be completed in 30 minutes or less.
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401(k) Plan Restatements - Save Fees With These Amendments

By: Eric Droblyen
February 3rd 2021
Most 401(k) plans must be 'restated' to reflect IRS Cycle 3 (or 'post-PPA') changes from August 1, 2020 to July 31, 2022. Here are some amendments to include.
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