The Frugal Fiduciary Blog

4 Traits of the Best Small Business 401k Providers

Posted by Eric Droblyen on Jan 11, 2017

There are thousands of 401k providers in the U.S. – many with very different fees, services and expertise. This abundance of choice can make choosing a competent 401k provider with reasonable fees seem overwhelming for small business 401k fiduciaries.

Read More

Topics: small business retirement plans, small business 401k, 401k service providers

Keeping my Fingers Crossed for 401k Reform in Tonight’s SOTU Address

Posted by Eric Droblyen on Jan 20, 2015

President Barack Obama will give his State of the Union address at 9 p.m. Eastern tonight. During this speech, he is expected to propose reforms to our private retirement plan system. If he does, it will be second year in a row the president addressed retirement plan reform. Last year, the president created the myRA, a new type of retirement account. If you read my last blog, you know I am not a fan of the myRA. This year, I hope the president will do better by announcing his support for the DOL’s proposed fiduciary rule for advisors overseeing retirement plans, now called the “conflict of interest rule for investment advice.”
Read More

Topics: small business retirement plans, retirement plans, 401k blog, small business 401k, 401(k), President Obama

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.

Read More

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

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
Read More

Topics: small business retirement plans, 401k blog, Multiple Employer Plans, small business 401k, 401(k)

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
Read More

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

Let’s put “Income” back in ERISA

Posted by Greg Carpenter on Nov 13, 2014

ERISA
Read More

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)

Small business owners are redefining the market for 401k plans. Result: Mass market “products” are about to go extinct.

Posted by Greg Carpenter on Oct 28, 2014

Small Business 401k Plans
Read More

Topics: small business retirement plans, retirement plans, 401(k) Investments, 401k blog, small business 401k, 401(k)

Edison International case highlights a needed reform: Share class restrictions in 401k plans.

Posted by Greg Carpenter on Oct 22, 2014

401k Plans
Read More

Topics: small business retirement plans, retirement plans, 401k blog, small business 401k, mutual funds, 401(k)

Hiring an ERISA 3(38) Investment Manager can be the simplest way to limit 401k investment liability.

Posted by Greg Carpenter on Oct 15, 2014

401k Investment Liability
Read More

Topics: ERISA 3(38) Investment Manager, small business retirement plans, 401(k) Investments, 401k blog, ERISA 3(21) Investment Advisor, small business 401k, 401(k), Investment Policy Statement (IPS)

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
Read More

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

Subscribe to Email Updates

 

“We want you and your employees to have a successful plan.” Greg Carpenter, CEO of Employee Fiduciary, explains how low fees help keep your money in the market, working for you.

Request a Proposal