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Best Best & Krieger Public Sector: Employee Benefits & Executive Compensation Practice Page
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Category Archives: Plan Administration
“It Just Keeps On Going:” The Problem with a Money Purchase Pension Plan that a Public Agency Just Sets Aside
By Jeff Chang Like the Energizer Bunny, some retirement plans continue to “run,” even though the employer believes they are “no longer in use.” This problem is particularly prevalent with public agencies that have a tendency to switch from one … Continue reading
Tagged money purchase, plan freeze
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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
Tagged fee litigation, fiduciary best practices, plan fees, Proposition 21
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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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