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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) Plan Design Choices to Simplify Annual Admin the Most

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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Is Your 401(k) About to Lose Solo Status? Here’s How to Prepare

Is Your 401(k) About to Lose Solo Status? Here’s How to Prepare

By: Eric Droblyen

July 19th 2022

Preparing a small business 401(k) plan to lose its solo status is not complicated. Here’s what you need to know to smoothly transition your plan.
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The Ultimate Guide to Safe Harbor 401(k) Plans

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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Small Business 401(k) Tax Credits – Including SECURE Act Enhancements

Small Business 401(k) Tax Credits – Including SECURE Act Enhancements

By: Eric Droblyen

September 16th 2020

The SECURE Act lowered the out-of-pocket cost of starting a new small business 401(k) plan by enhancing the tax credits available to business owners.
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Deadlines for 401(k) Adoption – Including SECURE Act Changes

Deadlines for 401(k) Adoption – Including SECURE Act Changes

By: Eric Droblyen

September 2nd 2020

The SECURE Act made it easier for businesses to adopt a new 401(k) plan or add a safe harbor feature to an existing plan by extending the deadlines to do so.
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401(k) Enrollment: Is a Meeting or E-Delivery Best For Your Small Business 401(k) Plan?

401(k) Enrollment: Is a Meeting or E-Delivery Best For Your Small Business 401(k) Plan?

By: Eric Droblyen

July 27th 2016

New technology and investments are making 401k investment decisions simple for 401k participants and 401k enrollment easy for small business sponsors.
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The Myth of the 15 Minute 401(k) Plan Setup

The Myth of the 15 Minute 401(k) Plan Setup

By: Eric Droblyen

July 13th 2016

The consequences of a poorly-designed or misunderstood 401(k) plan are great. Small businesses should take more than 15 minutes to setup a new 401(k) plan.
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Setting Up A 401(k) Plan: The Cliff Notes

Setting Up A 401(k) Plan: The Cliff Notes

By: Holly Roussel-Godfrey

April 26th 2016

Many plan sponsors can sometimes be overwhelmed by the idea of setting up a 401k plan and its responsibilities. A high level review of what is required and setting a budget can help set plan sponsors up with realistic expectations and ease fears about 401k plan set-up.
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3 Tax Advantages of 401(k) Plans

3 Tax Advantages of 401(k) Plans

By: Holly Roussel-Godfrey

April 12th 2016

Among the many 401(k) benefits for small business plan sponsors and participants, there are some great tax advantages. The sooner a 401(k) plan is established, the greater the benefits.
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