by Jeff Chang | May 11, 2020 | 401(a), 457(b) Plans, Retiree Health
By Jeff Chang As the harsh realities of the coronavirus pandemic, along with its widespread impact on all aspects of daily life, continue to shock and numb us all, many cities have already been identified as “high risk” from a financial stability perspective by the...
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 | Jan 9, 2019 | Fiduciary Duties, Plan Administration
By Jeff Chang This is a blog about “public” benefits issues — one that focuses heavily, but not exclusively, on California developments. If we are focusing on California’s public agency retirement and welfare plans — which are generally exempt from ERISA — why worry...
by Jeff Chang | Apr 1, 2016 | Fiduciary Responsibilities, Record Keeping
By Jeff Chang Many public agencies pay little attention to their 457(b) plans because the agencies are not “paying” for them out of their own budgets. See Have You Checked Your Retirement Plan Fees Lately? Plan fiduciaries are legally required, at least in...
by Jeff Chang | Jun 25, 2012 | Fiduciary Duties, Pension
By: Jeff Chang Although governmental plans are not subject to ERISA, all are subject to a combination of State and common law fiduciary rules – many of which (including California’s) contain language identical to the standards of ERISA. Most fiduciaries of...
