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- Using a Section 115 Trust to Help Manage Pension Obligations 2.2k views | posted on September 13, 2017
- Public Agency Board Members’ Worker Classification Matters for Tax Purposes 1.3k views | posted on July 22, 2019
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- Chapter 13: Some Things Are Worth Repeating – Beware of PTO Cash-Outs! 1k views | posted on April 22, 2014
- Using 457(b) Unforeseeable Emergency Distributions During the Coronavirus Crisis 1k views | posted on March 24, 2020
- Chapter 28: Why Cashing Out PTO Next Year Doesn’t Work 1k views | posted on August 15, 2016
- The CARES Act’s New Rules for Coronavirus-related Distributions from Governmental 457(b) Plans 893 views | posted on April 2, 2020
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- COVID-19 Pandemic May Force Some Cities to Reset Employee Benefits 837 views | posted on May 11, 2020
Category Archives: Administrative Committee
Plan Administrators, Plan Committees, and Public Agency 457(b) Plans
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, … Continue reading
Posted in Administrative Committee, fiduciary, Investments, Plan Administration, Plan Administrator
Tagged duties and responsibilities of plan administrator; administrative committee; investment committee; role of plan administrator
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Are Your Agency’s Retirement Plan Committee Meetings Subject to the Brown Act?
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
Posted in 401(a), 457(b) Plans, Administrative Committee, Governmental plans, Uncategorized
Tagged Brown Act, open meeting law
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The Duties and Responsibilities of a 457(b) or 401(a) Plan Administrator
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
Posted in 401(a), 457(b) Plans, Administrative Committee, Investments, Plan Administration, Plan Administrator, record-keeping
Tagged Administrator duties and responsibilities
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Problems with Co-Provider 457(b) Plan Arrangements
By Jeff Chang There is a novel recordkeeping and plan investment arrangement for governmental 457(b) plans that could create a number of problems for the plan’s sponsor, fiduciaries and participants. There may be a significant number of these arrangements throughout … Continue reading
Posted in 457(b) Plans, Administrative Committee, Plan Administration, record-keeping, Retirement Plan Fees
Tagged co-providers, multiple employer 457(b)
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Why Hire A “3(38)” Adviser For A Public Agency 457(b) Or 401(a) Plan?
By Jeff Chang Most public sector retirement plan sponsors understand that even though their plans may not be subject to the fiduciary duties and responsibilities of ERISA, they are still subject to fiduciary duties under applicable State law. Moreover, certain … Continue reading
Posted in Administrative Committee, fiduciary, Governmental plans, Governmental Retirement, Investments
Tagged Fiduciary Duty Government Pension, Government Pensions, governmental retirement plan
Comments Off on Why Hire A “3(38)” Adviser For A Public Agency 457(b) Or 401(a) Plan?