EMPLOYEE FIDUCIARY, LLC


Associated tags: 401(k)

Locations: ALABAMA, MOBILE, ALA, AL

Employee Fiduciary Hires Brian Furgala as Director of 401(k) Education

Retrieved on: 
Tuesday, February 7, 2023
Education, Retirement, Employment, CPC, QPA, Financial adviser, ERISA

MOBILE, Ala., Feb. 7, 2023 /PRNewswire/ -- Employee Fiduciary announces the hire of Brian Furgala, Esq, CPC, QPA as its Director of 401(k) Education.

Key Points: 
  • MOBILE, Ala., Feb. 7, 2023 /PRNewswire/ -- Employee Fiduciary announces the hire of Brian Furgala, Esq, CPC, QPA as its Director of 401(k) Education.
  • Brian joins the Employee Fiduciary team with over twenty years at a full-service corporate law firm, where he specialized in ERISA plans, corporate employee benefits, and executive compensation plans.
  • As Director of 401(k) Education, Brian will lead all facets of internal and external education for Employee Fiduciary.
  • "Employee Fiduciary is well known for its commitment to 401(k) education that's geared to make retirement plans more affordable for small businesses and retirement more affordable for workers," said Eric Droblyen, President of Employee Fiduciary.

Study Finds 75% of Small Business 401(k) Plans Pay Hidden Fees

Retrieved on: 
Tuesday, May 4, 2021
Retirement plans in the United States, Individual Retirement Accounts, 401, Taxation in the United States, Fee, Microeconomics, Economy, Money

b'MOBILE, Ala., May 4, 2021 /PRNewswire/ --Roughly 3 out of every 4 small business 401(k) plans are being charged hidden fees by their provider, according to a study by Employee Fiduciary, LLC .

Key Points: 
  • b'MOBILE, Ala., May 4, 2021 /PRNewswire/ --Roughly 3 out of every 4 small business 401(k) plans are being charged hidden fees by their provider, according to a study by Employee Fiduciary, LLC .
  • These hidden fees cost the plan participants of this study an average of $228, every year.
  • More than half of working-age households are at risk of having inadequate retirement savings, and these hidden fees are a big reason why.
  • "\nIn February, 2012, the Department of Labor began requiring 401(k) providers to disclose their fees in documents called 408(b)(2) fee disclosures.