Frugal Financial Retirement Plan Services provides pension consulting.
Frugal Financial Retirement Plan Services reports 128 pension and profit-sharing plans. Of its assets, 100.0% ($195M across 128 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Pension and profit-sharing plans | 100% | 100% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Pension and profit-sharing plans | 128 | $195M | 100.0% | $1.52M |
| Total | 128 | $195M | 100% | $1.52M |
- Clients
- 128
- Regulatory AUM
- $195M
- AUM share
- 100.0%
- Avg. per client
- $1.52M
Total
- Clients
- 128
- Regulatory AUM
- $195M
- AUM share
- 100%
- Avg. per client
- $1.52M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
Frugal Financial Retirement Plan Services is paid through a percentage of assets under management; its fees and minimums are set out in its brochures on the SEC website.
Employee Fiduciary, LLC owns 75% or more of Frugal Financial Retirement Plan Services and is in turn owned by Eric Droblyen (75% or more). The leadership team of Frugal Financial Retirement Plan Services includes Chief Compliance Officer Mark Nicholas. It has 4 employees, 2 of them in advisory roles.
Staff
- 4 employees
- 2 in advisory functions
- 4 state-registered reps
- Owns 75% or more of Frugal Financial Retirement Plan Services, LLC
Employee Fiduciary, LLC
Control person · since May 2013
- Owns 75% or more of Employee Fiduciary, LLC
Eric Droblyen
Control person · since March 2016
Frugal Financial Retirement Plan Services’ regulatory assets grew 1.8× from $108M (June 2022) to $195M (March 2026); clients fell from 144 to 128 and employees rose from 2 to 4.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Mar 2026March 2026 | $195M | 128 | 4 | 1 |
| Mar 2025March 2025 | $171M | 138 | 2 | 1 |
| Mar 2024March 2024 | $136M | 140 | 2 | 2 |
| Mar 2023March 2023 | $102M | 148 | 2 | 2 |
| Jun 2022June 2022 | $108M | 144 | 2 | 2 |
Besides its headquarters, Frugal Financial Retirement Plan Services has 0 offices, with 1 listed address in 1 state.
Alabama · 1 listed address
- 205 N. Conception St., MobileHQ
Contact and registration details
- Legal name
- Frugal Financial Retirement Plan Services, LLC
- Headquarters
- 205 N. Conception St., Mobile, AL 36603
- Website
- Not reported
- Phone
- 727-324-4004
- SEC file
- 801-125768
- Structure
- Delaware LLC
- Fiscal year end
- December
Frugal Financial Retirement Plan Services’ named custodian for separately managed accounts is Matrix Trust ($195M). Frugal Financial Retirement Plan Services does not have custody of client assets.
- Matrix TrustMatrix Trust Company, LLC · Lake Success, NY · $195M100%
At year end, Frugal Financial Retirement Plan Services’ separately managed accounts were mostly in funds (100%).
What the accounts hold
- Funds100%
How many clients does Frugal Financial Retirement Plan Services have?
Frugal Financial Retirement Plan Services has 128 clients and manages $195 million for them, as of March 2026. They include 128 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 27 March 2026
What services does Frugal Financial Retirement Plan Services offer?
Frugal Financial Retirement Plan Services provides pension consulting.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Frugal Financial Retirement Plan Services use?
Frugal Financial Retirement Plan Services’ separately managed account assets are held at Matrix Trust Company, LLC (Lake Success, NY), with $195M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 27 March 2026
How many financial advisors does Frugal Financial Retirement Plan Services have?
Frugal Financial Retirement Plan Services has 4 investment adviser representatives registered with state securities authorities, out of 4 employees, and 2 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Frugal Financial Retirement Plan Services invest in?
At the end of its last fiscal year, Frugal Financial Retirement Plan Services’ separately managed accounts held 100% registered funds (mutual funds, ETFs, BDCs).
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Frugal Financial Retirement Plan Services?
Frugal Financial Retirement Plan Services is owned through a holding company by Eric Droblyen. Its direct owner is Employee Fiduciary, LLC (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 27 March 2026
How does Frugal Financial Retirement Plan Services get paid?
Frugal Financial Retirement Plan Services is paid through a percentage of assets under management. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Frugal Financial Retirement Plan Services?
Frugal Financial Retirement Plan Services’ main office is at 205 N. Conception St., Mobile, AL 36603. Its phone number is 727-324-4004.