by Jeff Chang | May 26, 2021 | 457(b) Plans, Investments, Plan Administration, Record Keeping, Trending Topics
By Jeff Chang Many public agencies have come to sponsor and maintain multiple 457(b) plans, which can unnecessarily increase the compliance burden as well the fees paid by participants. Although the human resource and finance managers who typically oversee these plans...
by Jeff Chang | May 13, 2021 | 401(a), PEPRA, Plan Qualification
By Jeff Chang Ongoing changes in the way the IRS reviews and “approves” qualified retirement plan documents and the need for California public agencies to comply with the Public Employees’ Pension Reform Act (PEPRA) are forcing these agencies to reevaluate the “form”...
by Jeff Chang | Apr 14, 2021 | Plan Administration, Record Keeping
By Jeff Chang Although many of our municipal and special district clients have sophisticated contracting and RFP departments, they often do not have balanced and well-negotiated administrative service agreements (ASAs) with their 401(a) and 457(b) recordkeepers. This...
by Jeff Chang | Feb 3, 2021 | 401(a), 457(b) Plans
By Jeff Chang In California, charter schools are public schools that do not charge tuition or impose special entrance requirements, but are generally operated on an independent basis from local school systems. Because of the “public” nature of these schools and the...
by Jeff Chang | Nov 5, 2020 | 401(a), 457(b) Plans
By Jeff Chang In addition to properly identifying your retirement plan fiduciaries, and substituting a knowledgeable administrative committee in place of your governing board or council, California local agencies also need to consider whether the meetings of their...
