The Frugal Fiduciary Blog

401k Fees: Are Traditional 401k Services Worth a Smaller Retirement Nest Egg?

Posted by Eric Droblyen on Nov 16, 2016

I have a confession – my company’s participant benefit statements are nothing special.  While they disclose all the requisite information, they are matter-of-fact and lack color graphics.  They’re also delivered electronically, not mailed.

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Topics: low cost 401(k) plan, 401k fees, small business 401k

There are no “economies of scale” in 401k plans – unless you are trying to beat the market

Posted by Greg Carpenter on Dec 17, 2014

Any 401k plan sponsor in America – repeat ANY – can buy market returns dirt cheap. There are no economies of scale in the market for indexed investments. No minimum purchase requirements. No high pressure sales pitches. Buy an index mutual fund or ETF and you’ve locked in market returns. As I have written previously, this indexed approach is the new baseline for small business 401k plans.

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Topics: 401k plan sponsor, small business retirement plans, low cost 401(k) plan, index funds, 401k blog, ETF, Multiple Employer Plans, small business 401k, 401(k), recordkeeping

Let’s put “Income” back in ERISA

Posted by Greg Carpenter on Nov 13, 2014

ERISA
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Topics: small business retirement plans, low cost 401(k) plan, retirement plans, Defined Benefit Plan, 401(k) Investments, 401k blog, Vanguard 401k, small business 401k, 401(k)

Why small business retirement plans with high asset balances actually pay more for their plan services.

Posted by Greg Carpenter on Oct 2, 2014

Small Business Retirement Plans
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Topics: small business retirement plans, low cost 401(k) plan, retirement plans, asset-based fees, 401k blog, 401k fees, small business 401k, 401k recordkeeping, 401(k), recordkeeping

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

A Good Try from Congress, but Multiple Employer Plans are not the answer.

Posted by Greg Carpenter on Feb 3, 2014

Multiple Employer Plan is Not the Answer
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Topics: Vanguard Funds, low cost 401(k) plan, retirement plans, 401(k) Investments, 401k blog, Multiple Employer Plans, small business 401k, 401(k)

New Year’s resolution: Be a better fiduciary to my plan.

Posted by Greg Carpenter on Jan 24, 2014

New Year's Small Business 401(k) Plan Resolution
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Topics: low cost 401(k) plan, 401(k) Investments, 401k blog, small business 401k, 401(k), Form 5500, 401k testing

Retirement readiness? Even with a great 401k most will have to work hard to retire well.

Posted by Greg Carpenter on Dec 18, 2013

Retirement Readiness, Keep Working Hard
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Topics: low cost 401(k) plan, retirement plans, 401k blog, small business 401k, Retirement Readiness, 401(k)

Mandatory 401(k) Participation. Trending? (I hope not.)

Posted by Greg Carpenter on Nov 6, 2013

Mandatory 401k
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Topics: low cost 401(k) plan, 401(k) Investments, 401k blog, small business 401k, 401(k)

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