Frugal Financial Retirement Plan Services, Llc
- Regulatory AUM
- $195M
- Discretionary
- $195M
- Clients
- 128
- Avg AUM / client
- $1.5M
- Accounts
- 128
- Employees
- 4
AUM over time
Annual snapshots from Form ADV filings · as of Mar 27, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pension and profit sharing plans | 128 | $195M | 100.0% |
People (3)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Eric Christopher Droblyen | Managing Director, Chief Compliance Officer | May 2013 (13y) | ≈ 56.25% – 100% via Employee Fiduciary, Llc | |
| Lisa Mary Tharp | Registered representative | Jun 2015 (11y) | ||
| John Russell Moody | Registered representative | Mar 2026 (0y) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Employee Fiduciary, Llc | Managing Member | May 2013 | A | 75% or more |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Eric Christopher Droblyen: 75% – 100% of Employee Fiduciary, Llc × 75% – 100% direct ≈ 56.25% – 100% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/27/2026 | 1.12 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
Allegations: FROM APRIL 2018 THROUGH JUNE 2019, THE FIRM VIOLATED SECTION 12.B OF THE TEXAS SECURITIES ACT BY RENDERING SERVICES AS AN INVESTMENT ADVISER IN TEXAS AT A TIME WHEN THE FIRM WAS NOT REGISTERED WITH THE SECURITIES COMMISSIONER AS AN INVESTMENT ADVISER AND WAS NO LONGER EXEMPT FROM REGISTRATION REQUIREMENTS. Status: Final Sanction Detail: $5000 ADMINISTRATIVE FINE Summary: THE FIRM MISINTERPRETED STATE OF TEXAS REGULATIONS REGARDING REGISTRATION IN THE STATE. DISCOVERING THE ERROR, THE FIRM APPLIED FOR REGISTRATION. IN RESPONSE THE FIRM WAS REPRIMANDED, RECEIVED AN ADMINISTRATIVE FINE OF $5000, AND GRANTED REGISTRATION IN THE STATE OF TEXAS.
Disclosure text reproduced verbatim from the firm's own Form ADV filings.
How they charge
- • Percentage of assets under management
Services
- • Pension consulting services
Custody
Reported custodians
- Matrix Trust Company $195M (100% of AUM) Mar 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports it does not have custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 27, 2026.
View current Form ADV (SEC/IAPD) ↗