Category Archives: ERISA

Understanding the Fees Paid by Your Governmental Retirement Plan

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.

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Rules Governing Your Participant-Directed 457(b) or Defined Contribution 401(a) Plan

By Jeff Chang Many cities and special districts in California maintain one or more defined contribution retirement plans (i.e., a 457(b) or 401(a) plan) in which the participants are given investment responsibility over their respective accounts. However, many agencies are … Continue reading

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Understanding Public Agency Participation in ERISA Multiemployer Pension Plans

By Jeff Chang Many California cities and public agencies negotiate with — and reach memorandums of understanding with —  their union bargaining partners on a regular basis. In some cases, these unions are local police or firefighter unions. In other … Continue reading

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Lessons From the Private Sector: Takeaways From Recent ERISA Plan Fiduciary and Fee Litigation

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 … Continue reading

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Chapter 4: A Lesson From The “Show Me” State

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 … Continue reading

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