Category Archives: 401(a)

Are Your Agency’s Retirement Plan Committee Meetings Subject to the Brown Act?

Posted on November 5, 2020 by Jeff Chang

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 administrative committee … Continue reading →

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The Duties and Responsibilities of a 457(b) or 401(a) Plan Administrator

Posted on October 22, 2020 by Jeff Chang

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 … Continue reading →

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Take Your Pick – Employees Allowed to Choose Between Future 401(a) Plan Contributions and Future HRA Contributions

Posted on September 3, 2020 by Jeff Chang

By Jeff Chang A recently issued IRS private letter ruling may provide public agencies and their employees with another way to give employees more control over the types of retirement benefits they will eventually receive. As we previously reported, governmental … Continue reading →

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Public Agency Retirement Plan Documents: Are They Properly Signed and Dated?

Posted on June 11, 2020 by Jeff Chang

By Jeff Chang Based on numerous requests for plan documents from public agency clients, we know that many cannot find complete sets of their historical and current retirement plan documents that are properly authorized, signed and dated. If this sounds … Continue reading →

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COVID-19 Pandemic May Force Some Cities to Reset Employee Benefits

Posted on May 11, 2020 by Jeff Chang

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 … Continue reading →

Posted in 401(a), 457(b) Plans, Collective Bargaining, Governmental plans, Plan Fees, Retiree Health | Tagged , , , | Comments Off on COVID-19 Pandemic May Force Some Cities to Reset Employee Benefits