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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.
Mega Backdoor Roth – A Perfect Fit for Solo 401(k) Plans

Mega Backdoor Roth – A Perfect Fit for Solo 401(k) Plans

By: Eric Droblyen

November 7th 2023

Mega backdoor Roth contributions allow high-income individuals to grow tax-free retirement savings quickly. A solo 401(k) plan is a perfect fit for the strategy.
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Is Your Company Part of an Affiliated Service Group? Know for Certain or Risk 401(k) Plan Disqualification

Is Your Company Part of an Affiliated Service Group? Know for Certain or Risk 401(k) Plan Disqualification

By: Eric Droblyen

October 24th 2023

Determining whether your company is part of an affiliated service group is complex, but necessary to avoid plan errors which can result in plan disqualification.
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The 402(g) Limit For 401(k) Plans – FAQs for Employers

The 402(g) Limit For 401(k) Plans – FAQs for Employers

By: Eric Droblyen

October 10th 2023

The 402(g) limit may be the most straightforward 401(k) contribution limit, but it can get complicated fast when an individual contributes to multiple plans in a year.
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403(b) or 401(k): Which is Best for a Tax-Exempt Organization?

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

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

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

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

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

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

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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