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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.
Apathy is the #1 Source of 401(k) Liability – It’s Easy to Avoid

Apathy is the #1 Source of 401(k) Liability – It’s Easy to Avoid

By: Eric Droblyen

October 17th 2018

401(k) fiduciary responsibilities are manageable once they’re understood. The problem is many small businesses don’t make the effort.
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TSP-like 401(k)s + Tax Credits = More Small Business Plans

TSP-like 401(k)s + Tax Credits = More Small Business Plans

By: Eric Droblyen

October 3rd 2018

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 job
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How Trump’s Executive Order on Retirement Plans Falls Short

How Trump’s Executive Order on Retirement Plans Falls Short

By: Eric Droblyen

September 19th 2018

Multiple Employer 401(k) Plans (MEPs) are not the answer for expanding small business retirement plan coverage. Other reforms would be more effective.
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How to Total Paychex 401(k) Fees Using Their 408b-2 Disclosure

How to Total Paychex 401(k) Fees Using Their 408b-2 Disclosure

By: Eric Droblyen

September 5th 2018

Paychex is one of the largest 401(k) providers in country. Their 408b-2 fee disclosure is also one of the worst. Here are 3 steps for deciphering it.
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Calculating ADP 401(k) Fees Using Their 408b-2 Disclosure

Calculating ADP 401(k) Fees Using Their 408b-2 Disclosure

By: Eric Droblyen

August 22nd 2018

ADP is one of the largest 401(k) providers in country. Their 408b-2 fee disclosure is also one of the worst. Here are 3 steps for deciphering it.
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Guidelines for Benchmarking 401(k) Admin and Investment Fees

Guidelines for Benchmarking 401(k) Admin and Investment Fees

By: Eric Droblyen

August 8th 2018

Employers have a fiduciary responsibility to pay reasonable fees for 401k plan administration and investments. This job can be easy using simple guidelines.
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401(k) Fee Levelization – It Can Make Revenue Sharing Worse!

401(k) Fee Levelization – It Can Make Revenue Sharing Worse!

By: Eric Droblyen

July 11th 2018

401k providers claim "fee levelization" makes revenue sharing payments more transparent and fair. In truth, the complicated process can do the opposite.
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401(k) Fidelity Bonds – Frequently Asked Questions

401(k) Fidelity Bonds – Frequently Asked Questions

By: Eric Droblyen

June 27th 2018

An ERISA fidelity bond protects 401(k) plan participants against losses caused by acts of fraud or dishonesty. Employers should understand their basics.
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401(k) Matching Contributions – What Employers Need to Know

401(k) Matching Contributions – What Employers Need to Know

By: Eric Droblyen

June 13th 2018

401k matching contributions can be highly effective in motivating workers to save for retirement. Small businesses should understand their match options.
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Four 401(k) Plan Services That Justify Higher Provider Fees

Four 401(k) Plan Services That Justify Higher Provider Fees

By: Eric Droblyen

May 30th 2018

To avoid 401k fiduciary liability for paying excessive fees, pay as little as possible for “commodity” 401k services and extra for “value-added” ones only.
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