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.
Pooled Employer 401(k) Plans (PEPs): Myth vs. Reality
Pooled Employer Plans (PEPs) can seem attractive at first blush. Ironically, their purported benefits can, in fact, harm 401(k) plan participants and fiduciaries.Read More
Pooled vs. Single-Employer 401(k) Plans - Are PEPs for You?
Supporters claim Pooled Employer Plans (PEPs) offer lower 401k fees and greater liability protection than single-employer plans. They rarely deliver either.Read More
401(k) vs SIMPLE IRA: Which is Right for Your Business?
401(k) or SIMPLE IRA? The kind of plan you pick could have an enormous impact on the finances of everyone involved in your business. Choose wisely.Read More
How MEPs Signal a Broken 401(k) Industry
Multiple Employer Plans (MEPs) are better for the 401(k) industry than retirement plan savers and sponsors. Small business owners should avoid them.Read More
Replacing SIMPLE IRAs with a 401(k) – Frequently Asked Questions
Replacing a small business SIMPLE IRA with a 401(k) is not a complicated process, but it does require planning. Our FAQ can help the process go smoothly.Read More
TSP-like 401(k)s + Tax Credits = More Small Business Plans
Multiple Employers Plans (MEPs) are promoted as a way to expand small business retirement coverage. TSP-like 401ks and tax credits would do a better jobRead More
Solo 401(k) Plans – Their Benefits to Self-Employed Workers
Solo - or individual - 401k plans cover business owners and their spouses only. They allow plan participants to make maximum deductible contributions – including “mega back door” Roth IRA contributions – up to the 415 limit.Read More
Why Multiple Employer 401(k) Plans are Obsolete Today
Supporters of Multiple Employer Plans (MEPs) claim these 401ks lower plan fees and fiduciary liability for small businesses. Neither claim is true.Read More
403(b) vs. 401(k) Plans for Non-Financial People
These two big differences are truly all you need to know when deciding between a 403(b) or 401(k) plan – their eligibility and testing requirements.Read More
How MEPs Complicate 401(k) Plan Terminations
Exiting a 401k plan can be an easy process, as long as you aren't part of an MEP. MEPs complicate the plan termination process and can cost you big time.Read More