by Jeff Chang | Jan 20, 2021 | 401(a), 457(b) Plans, Fiduciary Duties, Plan Administration, Record Keeping
By Jeff Chang Many cities and their retirement plan investment advisors believe that the city must periodically issue an RFP for defined contribution plan recordkeeping or investment advisory services in accordance with the city’s RFP policy or ordinance. Having...
by Jeff Chang | Jan 6, 2021 | Fiduciary Duties, Investments, Plan Administration
By Jeff Chang Many investment advisors for public agency 457(b) plans believe that their public agency clients must have a retirement plan committee in order for the plan to have a proper plan administrator or fiduciary structure. As discussed below, we think that...
by Jeff Chang | Dec 16, 2020 | Plan Administration, Record Keeping
By Jeff Chang Previously, we described the duties and responsibilities of the plan administrator of a public agency 401(a) or 457(b) plan. While it is important for public agency employees to understand the potential scope of the plan administrator position, there is...
by Jeff Chang | Oct 22, 2020 | 401(a), 457(b) Plans, Investments, Plan Administration, Record Keeping
By Jeff Chang A surprisingly large number of public employees accept appointment as the plan administrator, or a member of the administrative committee, for their agency’s 457(b) or 401(a) plan. An explanation of the typical duties and responsibilities of a plan...
by Jeff Chang | Apr 1, 2019 | Record Keeping
By Jeff Chang Despite the insane popularity of Marie Kondo and her tidying methodology, when it comes to your agency’s retirement (and welfare) plan documents: more is better. But, not just more of the same thing — such as unexecuted plan documents. Your plan...