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.

Blog Feature

Retirement Plan Types | Plan Design

403(b) vs. 401(k) Plans for Non-Financial People

By: Holly Roussel-Godfrey
July 26th, 2017

You’ve been taxed with the responsibility of setting up a retirement plan for your tax exempt organization and now you’re trying to decide between a 403(b) or a 401(k) plan. You’ve Googled, you’ve read, you’ve cringed at the technical language presented to you, desperately trying to understand the differences. Been there, done that.

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Blog Feature

Retirement Plan Types | Plan Design

New Comparability 401(k) Plans - Are They Right for Your Small Business?

By: Eric Droblyen
April 19th, 2017

One of the most common goals for a small business 401(k) plan is maximizing owner contributions up to the legal limit - $64,500 for 2021 (assuming employee catch-up contributions). Often, the cheapest way to meet this goal is using a new comparability profit sharing contribution. Unlike other types of 401(k) profit sharing, these contributions permit an employer to allocate multiple contribution rates to different employee groups – making larger contribution rates to business owners possible.

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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.

Blog Feature

Retirement Plan Types | Safe Harbor 401(k) | 401(k) Fees | Plan Design | 401(k) Studies | Fiduciary Responsibility

Our Top 10 401k Blogs of 2016: What Topics Were the Most Popular?

By: Eric Droblyen
December 28th, 2016

Happy Holidays from the Frugal Fiduciary! As 2016 comes to a close, we looked back through this year’s blogs to find the most read.  It turns out our most popular blogs related to the following topics:

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Blog Feature

Retirement Plan Types | Retirement Planning

3 Tax Advantages of 401k Plans

By: Holly Roussel-Godfrey
April 12th, 2016

401k plans offer important tax advantages for small businesses and their employees. If you are a business owner, you should understand these benefits when deciding whether or not to offer a 401k plan to your employees. Too many businesses focus on “what is this going to cost me,” rather than, “what are the benefits?” While we strongly recommend always speaking with your accountant on the topic of taxes, here is a high-level summary of the tax benefits possible by offering a 401k plan.

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Blog Feature

Retirement Plan Types

Small Business Retirement Plan Options: 401(k)s vs. SIMPLE and SEP IRAs

By: Eric Droblyen
February 10th, 2016

Defined contribution (DC) plans, such as 401(k) plans, are the most popular type of workplace retirement plan in the United States today. According to Department of Labor statistics, there are 633,021 DC plans in the U.S. (516,293 of which are 401(k) plans), covering more than 90 million total participants.

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