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Best Best & Krieger Public Sector: Employee Benefits & Executive Compensation Practice Page
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Prior Posts
- A 457(b) Plan Distribution Depends on Which 457(b) Plan You’re In
- The Improper Use of Governmental “Pre-Approved” Plans
- How Many 457(b) Plans Do You Need?
- Public Agency Board Members’ Worker Classification Matters for Tax Purposes
- When a Section 115 Pension Stabilization Trust is “Too Good To Be True”
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- Administrative Committee (2)
- Beneficiary Designation (1)
- Collective Bargaining (2)
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- fiduciary (6)
- Authority (1)
- Investments (4)
- Governmental plans (18)
- Governmental Retirement (22)
- Pre-Approved (4)
- Health Coverage (6)
- Income Taxation of Employees (5)
- individually designed plan (1)
- IRS plan review (1)
- Missing Participants (1)
- NAGDCA (1)
- Pension (18)
- Pension Reform (4)
- PEPRA (4)
- Pick-Up Plan (2)
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- record-keeping (3)
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- Windsor (1)
Category Archives: Pre-Approved
The Improper Use of Governmental “Pre-Approved” Plans
By Jeff Chang There continues to be new, complicated problems arising from the improper completion and use of off-the-shelf governmental pre-approval plans. Generally, a pre-approved plan from the document provider is reviewed and pre-approved by the IRS for its general … Continue reading
Tagged auto-enrollment, opt-in, VCP
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Chapter 20: Opting Into A Pick-Up Plan
By: Jeff Chang A recently issued IRS private letter ruling (PLR) puts the kibosh on the fairly common practice of allowing public agency employees to elect whether and at what level to participate in the agency’s mandatory contribution pension plan. This … Continue reading
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Chapter 19: Get the IRS’ Blessing for Your 401(a) Plan – Before It’s Too Late
By: Jeff Chang The IRS has just announced major changes to its program for reviewing and approving the qualified status of certain retirement plan documents (see, Announcement 2015-19). Essentially, the Service is doing away with its program for issuing determination letters … Continue reading
Tagged california governmental retirement, california retirement, governmental retirement plan, individually designed plans, IRS qualified
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Chapter 11: Exercise Caution When Using a Pre-approved “Governmental” Retirement Plan
By: Jeff Chang In the governmental non-ERISA marketplace, there are a number of investment providers and plan recordkeepers that offer and provide retirement plan documents for use by governmental employers that have been “pre-approved” by the IRS. Typically, these plans consist … Continue reading
Tagged governmental employer, governmental retirement plan, pre-approved governmental retirement plan, pre-approved plan, pre-approved retirement plan
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