401(k) Solutions for Micro Plans. The recent announcement that Betterment is getting into the 401(k) business prompted a review of solutions for the micro plan market. Employee Fiduciary mentioned in an article on PlanSponsor.
“Eric C. Droblyen, president and chief operating officer of Employee Fiduciary, LLC in St. Petersburg, Florida, says Employee Fiduciary serves the micro market (usually up to 50 participants) as recordkeeper and third-party administrator (TPA). It provides custody, as well as investment selection help through its registered investment adviser (RIA) subsidiary, Frugal Financial, which provides 3(38) investment advice."