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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.
403(b) vs. 401(k) Plans for Non-Financial People

403(b) vs. 401(k) Plans for Non-Financial People

By: Holly Roussel-Godfrey

July 26th 2017

These two big differences are truly all you need to know when deciding between a 403(b) or 401(k) plan – their eligibility and testing requirements.
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What’s Old Is New Again: “Mega Back Door” Roth IRA Contributions Spark New Interest in Old School After-Tax Contributions

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

Simplified Roth IRA rollover rules have raised much media buzz about 401k after-tax contributions resulting in many small business owner inquiries.
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Plan Participation Problems? No Problem

Plan Participation Problems? No Problem

By: Holly Roussel-Godfrey

May 10th 2016

Sometimes it can be a struggle for plan sponsors to encourage participation in their company’s 401k plan. Plan design options as well as participant education can make a huge difference in participant interest and enthusiasm about saving.
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Setting Up A 401(k) Plan: The Cliff Notes

Setting Up A 401(k) Plan: The Cliff Notes

By: Holly Roussel-Godfrey

April 26th 2016

Many plan sponsors can sometimes be overwhelmed by the idea of setting up a 401k plan and its responsibilities. A high level review of what is required and setting a budget can help set plan sponsors up with realistic expectations and ease fears about 401k plan set-up.
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3 Tax Advantages of 401(k) Plans

3 Tax Advantages of 401(k) Plans

By: Holly Roussel-Godfrey

April 12th 2016

Among the many 401(k) benefits for small business plan sponsors and participants, there are some great tax advantages. The sooner a 401(k) plan is established, the greater the benefits.
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