Category Archives: Administrative Committee

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 , | Comments Off on Are Your Agency’s Retirement Plan Committee Meetings Subject to the Brown Act?

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 | Comments Off on The Duties and Responsibilities of a 457(b) or 401(a) Plan Administrator

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 , | Comments Off on Problems with Co-Provider 457(b) Plan Arrangements

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 , , | Comments Off on Why Hire A “3(38)” Adviser For A Public Agency 457(b) Or 401(a) Plan?

Does Your Plan Have A Proper Fiduciary Structure?

By Jeff Chang Recently, we have dealt with an “epidemic” of retirement plans, both very large and very small, that all have the same problem – the lack of a proper fiduciary structure.  Why? As with so many personnel and … Continue reading

Posted in 401(a), 457(b) Plans, Administrative Committee, Authority, fiduciary, Governmental plans, Investments, Plan Administration, Plan Administrator | Tagged , , , , , , , , , | Comments Off on Does Your Plan Have A Proper Fiduciary Structure?