{"url":"https://nivawealth.com/firms/frugal-financial-retirement-plan-services-168390","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/168390","regulatoryAum":194860997,"crd":"168390","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"2931863","suffix":null,"lastName":"DROBLYEN","firstName":"ERIC","middleName":"CHRISTOPHER"},{"crd":"6880152","suffix":null,"lastName":"MOODY","firstName":"JOHN","middleName":"RUSSELL"},{"crd":"3103003","suffix":null,"lastName":"THARP","firstName":"LISA","middleName":"MARY"}],"total":3,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2022-06-06","regulatoryAum":107765089,"clients":144,"employees":2,"offices":2},{"filedOn":"2023-03-17","regulatoryAum":102023406,"clients":148,"employees":2,"offices":2},{"filedOn":"2024-03-20","regulatoryAum":136310232,"clients":140,"employees":2,"offices":2},{"filedOn":"2025-03-26","regulatoryAum":170739667,"clients":138,"employees":2,"offices":1},{"filedOn":"2026-03-27","regulatoryAum":194860997,"clients":128,"employees":4,"offices":1}],"secFileNumber":"801-125768","legalName":"Frugal Financial Retirement Plan Services, LLC","displayName":"Frugal Financial Retirement Plan Services","slug":"frugal-financial-retirement-plan-services-168390","website":null,"classification":{"segment":"institutions","segmentLabel":"Institutional","type":"institutional_asset_manager","typeLabel":"Asset manager","feeDisclosure":"payment_only"},"founded":null,"organization":"Delaware limited liability company","fiscalYearEnd":"December","headquarters":{"street":"205 N. Conception St.","city":"Mobile","state":"AL","stateName":"Alabama","country":"United States","postalCode":"36603"},"tradeNames":[],"registration":{"secApproved":"31 May 2022","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":null,"staff":{"employees":4,"advisory":2,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":194860997,"discretionary":194860997,"discretionaryAccounts":128,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Pension and profit-sharing plans","clients":128,"regulatoryAum":194860997}],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[{"name":"Matrix Trust Company, LLC","shortName":"Matrix Trust","location":"Lake Success, NY","smaAssets":194860997}],"custodyNote":"Frugal Financial Retirement Plan Services does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Mark Nicholas","title":"Chief Compliance Officer","crd":"4584095"},{"name":"Eric Droblyen","title":"Managing Director","crd":"2931863"}],"ownership":[{"label":"Employee Fiduciary, LLC","detail":"Managing member in the 75% or more ownership band and a control person, since May 2013."},{"label":"Eric Droblyen","detail":"Indirect owner: a partner of Employee Fiduciary, LLC in the 75% or more band and a control person, since March 2016.","parent":"Employee Fiduciary, LLC"}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Alabama","offices":1,"addresses":[{"street":"205 N. Conception St.","city":"Mobile","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"727-324-4004","stateRegisteredReps":4,"otherAdviserReps":1,"compensation":["A percentage of assets under management"],"activities":["Pension consulting services"],"financialPlanningClients":null,"assetMix":[{"label":"Securities issued by registered investment companies or business development companies","percent":100}],"privateFunds":0},"sources":{"adv1FilingDate":"27 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/168390/PDF/168390.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-21","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Frugal Financial Retirement Plan Services have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Frugal Financial Retirement Plan Services offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Frugal Financial Retirement Plan Services use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Frugal Financial Retirement Plan Services have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Frugal Financial Retirement Plan Services invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Frugal Financial Retirement Plan Services?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Frugal Financial Retirement Plan Services get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Frugal Financial Retirement Plan Services?","answer":"Frugal Financial Retirement Plan Services’ main office is at 205 N. Conception St., Mobile, AL 36603. Its phone number is 727-324-4004.","source":"Form ADV Part 1A, Item 1.F, filed 27 March 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}