The Frugal Fiduciary Blog

401k Fiduciary Outsourcing: Does it Actually Increase an Employer’s Fiduciary Liability?

Posted by Eric Droblyen on Sep 9, 2015

Last month, the DOL held 4 days of hearings regarding its proposed fiduciary rule. During these hearings, service providers, industry groups and academics shared their thoughts regarding the DOL proposal. Some of the most colorful testimony was given by Don Trone, a man some people call the “Father of Fiduciary.”

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Topics: Fiduciary Responsibiilty, Multiple Employer Plans

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: Multiple Employer Plans

Multiple Employer Plans (MEPs) are a marketing play, not a way to cut costs. We don’t need them.

Posted by Greg Carpenter on Dec 10, 2014

MEPs & Lobbying
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Topics: Multiple Employer Plans

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: Multiple Employer Plans

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