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- Using a Section 115 Trust to Help Manage Pension Obligations 2.2k views | posted on September 13, 2017
- Public Agency Board Members’ Worker Classification Matters for Tax Purposes 1.3k views | posted on July 22, 2019
- If You Don’t Have a Section 218 Agreement, Watch Out for the Social Security “Gotcha” 1.2k views | posted on October 19, 2018
- Chapter 13: Some Things Are Worth Repeating – Beware of PTO Cash-Outs! 1k views | posted on April 22, 2014
- Using 457(b) Unforeseeable Emergency Distributions During the Coronavirus Crisis 1k views | posted on March 24, 2020
- Chapter 28: Why Cashing Out PTO Next Year Doesn’t Work 1k views | posted on August 15, 2016
- The CARES Act’s New Rules for Coronavirus-related Distributions from Governmental 457(b) Plans 893 views | posted on April 2, 2020
- Take Care When Cost-Sharing Under CalPERS 853 views | posted on November 7, 2019
- Why You Need to “Monitor” Full-time, Temporary Employees 852 views | posted on August 30, 2018
- COVID-19 Pandemic May Force Some Cities to Reset Employee Benefits 837 views | posted on May 11, 2020
Category Archives: record-keeping
Using a Plan Administration Expense Account as Part of An Agency’s 457(b) or 401(a) Plan
By Jeff Chang Not surprisingly, many cities and special districts no longer have monies available in their budgets to spend on things such as legal fees to analyze and correct plan administration problems and compliance issues. When it is not … Continue reading
Posted in Income Fiduciary, Plan Administration, Plan Fees, record-keeping, Retirement Plan Fees
Tagged expense reimbursement account, payment of legal fees by plan, plan administrative expense, settlor
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The Differences Between Bundled and Unbundled Retirement Plan Servicing Arrangements
By Jeff Chang When it comes to retirement plan servicing arrangements for most public agencies, there are basically two flavors: bundled and unbundled. It is important for public plan sponsors and plan fiduciaries to understand the differences between these arrangements … Continue reading
Posted in Investments, Plan Administration, record-keeping
Tagged 3(38), bundled, open architecture, unbundled
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Problems with Co-Provider 457(b) Plan Arrangements
By Jeff Chang There is a novel recordkeeping and plan investment arrangement for governmental 457(b) plans that could create a number of problems for the plan’s sponsor, fiduciaries and participants. There may be a significant number of these arrangements throughout … Continue reading
Posted in 457(b) Plans, Administrative Committee, Plan Administration, record-keeping, Retirement Plan Fees
Tagged co-providers, multiple employer 457(b)
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Public Agency Retirement Plan Documents: Are They Properly Signed and Dated?
By Jeff Chang Based on numerous requests for plan documents from public agency clients, we know that many cannot find complete sets of their historical and current retirement plan documents that are properly authorized, signed and dated. If this sounds … Continue reading
Posted in 401(a), 457(b) Plans, Governmental plans, Plan Administration, Plan Qualification, record-keeping
Tagged plan document retention, timely adoption, timely execution
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