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.
403(b) or 401(k): Which is Best for a Tax-Exempt Organization?
By: Eric Droblyen
September 26th 2023
Tax exempts can help their employees save for retirement with a 403(b) or 401(k) plan. Understanding how these plans compare can make the best choice easy.
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4 Questions to Achieve the Ideal 401(k) Plan
By: Eric Droblyen
September 12th 2023
An ideal 401(k) plan helps employees and employers meet their goals at a low cost. Ask your plan provider four questions to achieve one for your business.
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DOL Requests 401(k) Fee Disclosure Feedback; We Responded
By: Eric Droblyen
August 29th 2023
Participant-directed 401(k) plans must distribute a fee disclosure to participants annually. We suggested content changes to the DOL to improve their effectiveness.
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401(k) Contribution Deductibility - What Employers Need to Know
By: Brian Furgala
August 15th 2023
Understanding the deduction rules for 401(k) plan contributions can significantly reduce your business’s tax liability. These rules boil down to limits and timing.
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SECURE 2.0 Non-Discrimination Testing Changes: Good News for Small Businesses
By: Brian Furgala
August 1st 2023
The 401(k) non-discrimination testing changes made by SECURE 2.0 can help a small business increase employee savings and reduce plan costs.
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How to Prepare Your 401(k) Plan for SECURE 2.0 Changes
By: Brian Furgala
July 18th 2023
Not preparing a 401(k) plan for SECURE 2.0 could lead to lower contribution limits, missed tax breaks, or unnecessary administration. Here are changes to consider.
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Replacing a SIMPLE IRA with a 401(k) – Frequently Asked Questions
By: Brian Furgala
July 5th 2023
Replacing a small business SIMPLE IRA with a 401(k) is not a complicated process, but it does require planning. Our FAQ can help the process go smoothly.
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401(k) Investment Selection – Don’t Let ESG Factors Distract You
By: Brian Furgala
June 20th 2023
Fiduciaries should be focusing on relevant risk-return factors, including investment fees, in evaluating 401(k) investment options and not be distracted by ESG factors.
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401(k) Forfeitures: How and When They Must Be Used
By: Brian Furgala
June 6th 2023
A forfeiture is the non-vested portion of a 401(k) account when certain events occur. We summarize how and when 401(k) plans must use forfeitures based on IRS rules.
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New 401(k) Audit Rule for Form 5500 is Good News for Small Businesses
By: Brian Furgala
May 23rd 2023
Recent Form 5500 changes will subject fewer small business 401(k) plans to an independent qualified public accountant audit.
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