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Best Best & Krieger Public Sector: Employee Benefits & Executive Compensation Practice Page
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Prior Posts
- 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”
- Money Purchase Pension Plans with an “Opt-in” Feature
- “It Just Keeps On Going:” The Problem with a Money Purchase Pension Plan that a Public Agency Just Sets Aside
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- Authority (1)
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Category Archives: record-keeping
“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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