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.
How Starter 401(k) Plans Compare to Safe Harbor and Traditional Plans
By: Eric Droblyen
March 12th 2024
Employers with no 401(k) plan can now adopt a starter plan. Small business owners should understand how they compare to traditional and safe harbor plans.
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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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Pooled Employer 401(k) Plans (PEPs): Myth vs. Reality
By: Eric Droblyen
February 16th 2022
Pooled Employer Plans (PEPs) can seem attractive at first blush. Ironically, their purported benefits can, in fact, harm 401(k) plan participants and fiduciaries.
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Pooled vs. Single-Employer 401(k) Plans - Are PEPs for You?
By: Eric Droblyen
December 9th 2020
Supporters claim Pooled Employer Plans (PEPs) offer lower 401k fees and greater liability protection than single-employer plans. They rarely deliver either.
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401(k) vs SIMPLE IRA: Which is Right for Your Business?
By: Eric Droblyen
May 27th 2020
401(k) or SIMPLE IRA? The kind of plan you pick could have an enormous impact on the finances of everyone involved in your business. Choose wisely.
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How MEPs Signal a Broken 401(k) Industry
By: Eric Droblyen
October 30th 2019
Multiple Employer Plans (MEPs) are better for the 401(k) industry than retirement plan savers and sponsors. Small business owners should avoid them.
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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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Solo 401(k) Plans – Their Benefits to Self-Employed Workers
By: Eric Droblyen
May 16th 2018
Solo - or individual - 401k plans cover business owners and their spouses only. They allow plan participants to make maximum deductible contributions – including “mega back door” Roth IRA contributions – up to the 415 limit.
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Why Multiple Employer 401(k) Plans are Obsolete Today
By: Eric Droblyen
December 13th 2017
Supporters of Multiple Employer Plans (MEPs) claim these 401ks lower plan fees and fiduciary liability for small businesses. Neither claim is true.
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403(b) vs. 401(k) Plans for Non-Financial People
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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