Author Archives: Jeff Chang

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

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” and the plan … 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

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, because responsibility for … 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?

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 Revenue Code (and … Continue reading

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Are Charter Schools Considered “Governmental” for Retirement Plan Purposes?

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 and the fact … Continue reading

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

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, we think that … Continue reading

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