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...
by Jeff Chang | Aug 11, 2020 | Plan Administration, Record-keeping
Not surprisingly, many cities and special districts no longer have monies available in their budgets to spend on things such as legal fees to analyze and correct plan administration problems and compliance issues. When it is not feasible for the plan sponsor to pay...
by Jeff Chang | Jul 27, 2020 | Investments, Plan Administration, Record-keeping
When it comes to retirement plan servicing arrangements for most public agencies, there are basically two flavors: bundled and unbundled. It is important for public plan sponsors and plan fiduciaries to understand the differences between these arrangements so they can...
