The Frugal Fiduciary Blog

Is Your Company Part of a Controlled Group?  You Need to Know or Risk 401k Plan Disqualification

Posted by Eric Droblyen on Jan 13, 2016

Under the IRS’ controlled group rules, two or more employers with common ownership are considered a single employer for purposes of 401k nondiscrimination testing. These rules often obligate all members of a controlled group to cover their employees with the same 401k plan in order to pass annual coverage testing. It’s very important to pass coverage testing each year – failing can mean plan disqualification by the IRS – so making an accurate controlled group determination, and covering the necessary number of employees within that group, is essential for every 401k plan.

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Topics: 401k participants

Reforming Roth provisions may be key to improving savings rates for Millennials. My proposal.

Posted by Greg Carpenter on Nov 20, 2014

Roth 401k & Millennials
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Topics: small business retirement plans, retirement plans, 401(k) Investments, Roth 401k, 401k blog, 401(k), Millennial Employees, tax benefits, 401k participants

Senate Finance Committee holds a hearing today on “Retirement Savings 2.0.” Here is what they should address to help small business retirement plans.

Posted by Greg Carpenter on Sep 16, 2014

Small Business Retirement Plans
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Topics: low cost 401(k) plan, retirement plans, 401k blog, safe harbor, small business 401k, 401(k), tax benefits, 401k participants

In small business retirement plans, the employees with the smallest balances need the most help. Here’s my frugal guide to making the plan work for everyone in your organization.

Posted by Greg Carpenter on Jul 24, 2014

Small Business Retirement Plans
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Topics: low cost 401(k) plan, default investment option, 401k blog, small business 401k, Target Date Funds, 401(k), 401k participants

In Praise of the 401k Employer Match

Posted by Greg Carpenter on Jun 26, 2013

Image courtesy of kibsri at
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Topics: 401k plan sponsor, 401k blog, 401(k) Plan Consultations, 401(k), 401k participants

How and When to Offer Your Employees Self-Directed 401k Investments

Posted by Greg Carpenter on Feb 27, 2013

Small business owners have a lot on their plates. Offering a 401k plan to employees is just one of many things they must consider doing when attempting to attract and retain talent. But many companies have employees of all ages, investment knowledge and risk tolerance. How to make the best choice for all? I believe offering a self-directed brokerage investment option in your 401k plan can keep your savvy employees happy without confusing your less experienced people.

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Topics: 401(k) Investments, 401k blog, self-directed 401k, 401k participants

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