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.
Deadlines for 401(k) Adoption – Including SECURE Act Changes
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.Read More
COVID-19 – 401(k) FAQs for Business Owners and Plan Participants
Many small business owners affected by COVID-19 want to know how to defray their 401(k) plan expenses or help workers tap their savings. Our FAQ can help.Read More
Safe Harbor 401(k) Plans: Answers To Common Questions
Safe harbor 401(k) plans are increasingly popular with small businesses. Our FAQ can help owners decide if one is right for their company.Read More
Traditional Safe Harbor 401(k) Plan vs. QACA – How to Choose
There are two basic types of safe harbor 401(k) plans available today – traditional and QACA. Business owners should understand their differences.Read More
Safe Harbor or Traditional 401(k) Plan – How to Decide
Safe harbor 401(k) plans are the most popular type of 401(k) used by small businesses today, but they are not the best fit for every small business.Read More
401(k) Contribution Deadlines – You Don’t Want to Miss Them!
When 401(k) contributions - employee or employer - are deposited late, there are consequences for employers. With some education, they are easily avoided.Read More
401(k) Matching Contributions – What Employers Need to Know
401k matching contributions can be highly effective in motivating workers to save for retirement. Small businesses should understand their match options.Read More
Our Top 10 401(k) Blogs of 2016: What Topics Were the Most Popular?
401(k) blogs related to plan design, administration and provider fees were the Frugal Fiduciary’s most popular in 2016.Read More
When ADP/ACP Testing Fails, 401(k) Fiduciaries Should Understand Their Options
March 15 was the deadline for most 401k plans to distribute 2015 ADP/ACP test corrections in order to avoid a 10% IRS excise tax. Small business 401k fiduciaries do not need to settle for annual ADP/ACP test failures. There are many ways ADP/ACP test returns can be avoided or reduced. Once a fiduciary understands these options, they can discuss them with their 401k provider.Read More
The Two-Headed Monster, Fairness and Safe Harbor Plans
Safe harbor plans are built to meet the Fed’s “fairness” rules. The Frugal Fidcuiary muses on extending these ideas to all of retirement plan management.Read More