Author Archives: Jeff Chang

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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Public Agencies Need to Make Sure That Their Retirement Plans Keep In Step With Their MOUs and Employment Agreements

Posted on March 31, 2021 by Jeff Chang

By Jeff Chang Having worked with dozens of cities and special districts, we are familiar with the focus and attention placed on memorandums of understanding (MOUs) and management employment contracts – especially provisions relating to retirement benefits and compensation. Unfortunately, … 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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Are Charter Schools Considered “Governmental” for Retirement Plan Purposes?

Posted on February 3, 2021 by Jeff Chang

By Jeff Chang In California, charter schools are public schools that do not charge tuition or impose special entrance requirements, but are generally operated on an independent basis from local school systems. Because of the “public” nature of these schools … Continue reading →

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Plan Administrators, Plan Committees, and Public Agency 457(b) Plans

Posted on January 6, 2021 by Jeff Chang

By Jeff Chang Many investment advisors for public agency 457(b) plans believe that their public agency clients must have a retirement plan committee in order for the plan to have a proper plan administrator or fiduciary structure. As discussed below, … Continue reading →

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