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Best Best & Krieger Public Sector: Employee Benefits & Executive Compensation Practice Page
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Category Archives: Plan Administration
Time for a Defined Contribution Plan Checkup?
By Jeff Chang Many public sector employers maintain various defined contributions plans (either 401(a) or 457(b)) in addition to their participation in a large, public-defined benefit system, such as CalPERS, CalSTRS or a ’37 Act county plan. There are a … Continue reading
Tagged Plan compliance, Plan review
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Required Minimum Distributions (RMDs) – The Out of Sight, Out of Mind Problem
By: Jeff Chang We all sometimes lose track of things hidden away in the back of the closet or fail to stay in touch with friends we haven’t heard from or seen in a while. These common tendencies can cause inconvenience … Continue reading
Tagged pensions, Required Minimum Distributions, RMDs
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Watch Out For What Your Plans Say – Or Don’t Say – About Transfers
By: Jeff Chang Most of the special districts and municipalities we represent have numerous collective bargaining units, and many have multiple service locations and facilities. While advising these entities on their retirement and welfare benefits, we’ve come to realize that their … Continue reading
Tagged eligible positions, employee transfers, excluded employees, excluded positions, transfers, union transfers
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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
Tagged 401(a), 457(b), administrative committee, authority, california employer, california governmental retirement, fiduciary, governmental retirement plan, investments, Plan Administrator
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