Category Archives: record-keeping

Is Your Social Security Replacement Plan Up to Snuff?

Posted on June 9, 2021 by Jeff Chang

By Jeff Chang As we previously explained, most public agencies are not automatically subject to Social Security. They have a choice between voluntarily participating in Social Security pursuant to a section 218 agreement, or they can exempt some or all … Continue reading →

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The “Mechanics” of Combining Your Agency’s Multiple 457(b) Plans

Posted on May 26, 2021 by Jeff Chang

By Jeff Chang Many public agencies have come to sponsor and maintain multiple 457(b) plans, which can unnecessarily increase the compliance burden as well the fees paid by participants. Although the human resource and finance managers who typically oversee these … Continue reading →

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Authorized Plan Representatives for Your Governmental 457(b) or 401(a) Plan

Posted on April 28, 2021 by Jeff Chang

By Jeff Chang Whenever you engage a new recordkeeper for your governmental 457(b) or 401(a) plan, the plan sponsor will be asked to complete, sign and return an authorized plan representatives form (APRF). The APRF designates the so-called “contact persons” … Continue reading →

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Improving Administrative Service Agreements For Public Agency Retirement Plans

Posted on April 14, 2021 by Jeff Chang

By Jeff Chang Although many of our municipal and special district clients have sophisticated contracting and RFP departments, they often do not have balanced and well-negotiated administrative service agreements (ASAs) with their 401(a) and 457(b) recordkeepers. This is due in … Continue reading →

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Have You Developed All of the Policies and Procedures Needed to Properly Administer Your Governmental 457(b) or 401(a) Plan?

Posted on March 17, 2021 by Jeff Chang

By Jeff Chang If you are responsible for the administration of a public agency 457(b) or 401(a) plan, you know that these tax-favored plans are complicated and subject to myriad rules and requirements found in the plan document, the Internal … Continue reading →

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