by Jeff Chang | Feb 3, 2021 | 401(a), 457(b) Plans
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 a number of...
by Jeff Chang | Jan 6, 2021 | Fiduciary Duties, Investments, Plan Administration
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 there are a lot...
by Jeff Chang | Nov 5, 2020 | 401(a), 457(b) Plans
In addition to properly identifying your retirement plan fiduciaries, and substituting a knowledgeable administrative committee in place of your governing board or council, California local agencies also need to consider whether the meetings of their administrative...
by Jeff Chang | Sep 25, 2020 | Fiduciary Duties, Investments, Plan Administration
Over the past several months, we have seen a number of public agency clients struggle through the process of evaluating and selecting a retirement plan adviser based only on generic questionnaires, a few phone calls, and an occasional video conference. It’s hard to...
by Jeff Chang | Sep 3, 2020 | 401(a), Income Tax, Retiree Health
A recently issued IRS private letter ruling may provide public agencies and their employees with another way to give employees more control over the types of retirement benefits they will eventually receive. As we previously reported, governmental employers can...
