by Jeff Chang | Jan 13, 2020 | 401(a), 457(b) Plans, Fiduciary Duties, Investments, Record Keeping
By Jeff Chang There are several fundamental principles and concepts that governmental plan sponsors and fiduciaries need to bear in mind as they select and monitor their plan providers and the fees that these providers charge. Practically all governmental plan...
by Jeff Chang | Dec 19, 2019 | 401(a), Fiduciary Duties, Investments, Plan Administration
By Jeff Chang Many cities and special districts in California maintain one or more defined contribution retirement plans (i.e., a 457(b) or 401(a) plan) in which the participants are given investment responsibility over their respective accounts. However, many...
by Jeff Chang | Dec 5, 2019 | 401(a), Plan Administration, Plan Qualification
By Jeff Chang There are several tools that can be used to correct or fix governmental plan problems. First, some classification. Practically all the retirement plans we discuss are “tax-advantaged” in one form or another. However, within this group, there are three...
by Jeff Chang | Nov 7, 2019 | Income Tax
By Jeff Chang With overall required contribution rates increasing at an alarming rate, most CalPERS employers – particularly those with significant “classic” safety populations – are looking for help to pay for these obligations. We continue to see...
by Jeff Chang | Oct 21, 2019 | 401(a), Income Tax, Plan Administration, Plan Qualification
By Jeff Chang Perhaps the biggest news coming out of California’s Legislature this year was the passage of Assembly Bill 5 – the new law that codifies the 2018 Dynamex case and which imposes a new test for determining employee or independent contractor status for...