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.

Blog Feature

Roth 401(k) | Retirement Planning | Plan Design

Roth vs. Traditional 401(k) Contributions – How to Choose

By: Eric Droblyen
August 5th, 2020

The most expensive thing you’ll probably buy during your lifetime is retirement. Perhaps you’ve never thought of “buying” retirement, but that’s exactly what you do when you participate in a 401(k) plan – you’re saving now to buy retirement income later. When you consider that income may need to last 10, 20, even 30 years, it’s easy to understand why retirement is not cheap. However, by following a simple 3-step plan during your working years - save early and often, invest appropriately, minimize account fees - you can reduce the out-of-pocket cost of your retirement by a lot.

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small business retirement plans | low cost 401(k) plan | Roth 401(k) | Financial Advice

The Top Ten Frugal Fiduciary 401(k) Blogs of 2017

By: Eric Droblyen
December 27th, 2017

Happy Holidays from the Frugal Fiduciary! As 2017 comes to a close, we looked back through this year’s blogs to find the most read.

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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

Roth 401(k) | Retirement Planning | Plan Design

Roth 401(k) Contributions — Answers to Common Questions

By: Eric Droblyen
January 25th, 2017

In a 2016 401k plan design study of 2,767 small businesses, we found 66% permit participants to make after-tax Roth contributions to their personal account. I think it’s safe to assume the high adoption rate of this 401k plan feature is due to participant demand.

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Roth 401(k) | Plan Design

What’s Old Is New Again: “Mega Back Door” Roth IRA Contributions Spark New Interest in Old School After-Tax Contributions

By: Holly Roussel-Godfrey
May 24th, 2016

Ever hear of voluntary 401k contributions? If you are like most people, probably not. They are after-tax employee contributions like Roth deferrals, but subject to different ERISA rules. Voluntary contributions have been around decades longer than Roth deferrals, but are less popular – mostly because their earnings can’t be withdrawn tax-free at retirement like Roth deferrals.

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Blog Feature

Roth 401(k) | Thought Leadership

Reforming Roth provisions may be key to improving savings rates for Millennials. My proposal.

By: Greg Carpenter
November 20th, 2014

The Roth 401k concept is outstanding – it provides an excellent way to build long-term wealth and may provide outstanding tax benefits for those positioned to make the most of its advantages. The problem is that very few plan participants use it, let alone understand it.

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