The Frugal Fiduciary Small Business 401(k) Blog

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Blog Feature

401(k) Fees | Plan Design | Thought Leadership | Fiduciary Responsibility

Happy Holidays from the Frugal Fiduciary! Our Top 10 Blogs of 2015

By: Eric Droblyen
December 30th, 2015

Happy Holidays! As 2015 comes to a close, we looked back through this year’s blogs to find the most read. This process was instructive. We learned our most popular blogs were the ones written to simplify 401k administration or fiduciary requirements for employers. You can expect more blogs covering these topics during 2016. So, in case you missed them the first time, or just want a refresher, here are our top 10 most read blogs of 2015.

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Thought Leadership

VC-Backed 401k Startups: A Paradigm Shift or Flash in the Pan?

By: Eric Droblyen
August 12th, 2015

This year, three Internet-based companies joined the retirement plan services industry – Honest Dollar, ForUsAll and Captain401.  These startups are noteworthy because they weren’t founded by career retirement plan professionals. Instead, they were founded by Silicon Valley entrepreneurs backed by Venture Capital (VC) investors. 

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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.

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Thought Leadership

Keeping my Fingers Crossed for 401k Reform in Tonight’s SOTU Address

By: Eric Droblyen
January 20th, 2015

President Barack Obama will give his State of the Union address at 9 p.m. Eastern tonight. During this speech, he is expected to propose reforms to our private retirement plan system. If he does, it will be second year in a row the president addressed retirement plan reform. Last year, the president created the myRA, a new type of retirement account. If you read my last blog, you know I am not a fan of the myRA. This year, I hope the president will do better by announcing his support for the DOL’s proposed fiduciary rule for advisors overseeing retirement plans, now called the “conflict of interest rule for investment advice.”

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Thought Leadership

MyRAs are not the answer for expanding retirement plan coverage

By: Eric Droblyen
January 6th, 2015

  In his 2014 State of the Union address, President Obama directed the U.S. Treasury Department to create a new type of savings account for Americans. The myRA—short for “my Retirement Account”—is designed to be a starter account for workers who aren’t covered by a workplace retirement plan.

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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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Retirement Planning | Thought Leadership

Let’s put “Income” back in ERISA

By: Greg Carpenter
November 13th, 2014

Forty years after the passage of the Employee Retirement Income Security Act - ERISA – it seems like we are far removed from the issues it attempted to address. In 1974 40% of private sector employees were covered by employer-sponsored defined benefit (“DB”) pension plans. These DB plans provided workers with a lifetime income annuity upon retirement. These plans provided a high level of income security – if the employer met funding requirements. However, many of these plans were only partially funded and plan failures were not uncommon. ERISA required tighter funding requirements for these plans, thus improving workers’ income security. A more fully funded plan was more likely to meet future obligations.

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