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Category Archives: Administrative Committee
Why Hire A “3(38)” Adviser For A Public Agency 457(b) Or 401(a) Plan?
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 States like California … Continue reading
Tagged Fiduciary Duty Government Pension, Government Pensions, governmental retirement plan
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Does Your Plan Have A Proper Fiduciary Structure?
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 benefits-related programs, new … Continue reading
Tagged 401(a), 457(b), administrative committee, authority, california employer, california governmental retirement, fiduciary, governmental retirement plan, investments, Plan Administrator
Comments Off on Does Your Plan Have A Proper Fiduciary Structure?