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Category Archives: record-keeping
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.
Tagged fees, stable value
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“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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What Plan Documents Should You Be Keeping?
By Jeff Chang Despite the insane popularity of Marie Kondo and her tidying methodology, when it comes to your agency’s retirement (and welfare) plan documents: more is better. But, not just more of the same thing — such as unexecuted … Continue reading
Tagged plan record retention, retirement plan documents, retirement plan records
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Chapter 32: How “Not” To Transition To A New Record-Keeper
By Jeff Chang Time and time again plan sponsors seriously disadvantage themselves and their plan participants by announcing the migration of their plan from one record-keeper to a new record-keeper before all the conditions for a smooth transition have been … Continue reading
Tagged governmental retirement plan, record-keeping
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