Behind Their Success: Advice For Entrepreneurs

89: What Every Entrepreneur Should Know About 401(k) Plans (But Doesn’t)

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On today's epsidoe meet the guy who calls himself the “401(k) crime fighter” for entreprenuers—and for good reason.

We sit down with Paul Sippil, forensic 401(k) consultant, CPA, and founder of Community Dining. Paul’s on a mission to expose the hidden fees and misaligned incentives buried in retirement plans—and help entrepreneurs, founders, and small businesses get their house in order before it costs them or their team big time.

From tax law to truth-seeking to challenging the big boys of finance, Paul shares the real story behind how he uncovered the shady side of 401(k) plans, why so many employers are unknowingly getting fleeced, and how founders can avoid being the next victim of financial inefficiency.

🔥 In This Episode, You'll Learn:

  • How Paul became the “forensic 401(k) crime fighter” (spoiler: it involves public tax forms and a lot of persistence)
  • The mind-blowing disconnect between what founders think they’re paying and what’s really coming out of employee accounts
  • Why “free” 401(k) plans are a total myth—and how excessive asset-based fees are killing participant returns
  • The story of a law firm paying $40,000+ a year in hidden fees—and how Paul cut that in half while delivering way more value
  • Why the best entrepreneurs are the most curious, and how asking the hard questions can protect your legacy

    • 💼 If You’re a Founder or Entrepreneur:

    This episode is a must-listen if you:

    • Manage a company-sponsored 401(k) plan
    • Want to attract top talent with smarter retirement benefits
    • Care about aligning incentives with your team and your money
    • Hate waste—and want your dollars working for YOU

      • Connect with Paul:

      👉 Website: www.paulsippil.com  
      Paul shares deep insights on retirement plan design, fee analysis, and how founders can rethink their role as fiduciaries.

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      Behind Their Success: Advice For EntrepreneursBy Paden Squires