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- Using a Section 115 Trust to Help Manage Pension Obligations 4.1k views | posted on September 13, 2017
- Public Agency Board Members’ Worker Classification Matters for Tax Purposes 2.1k views | posted on July 22, 2019
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- Chapter 13: Some Things Are Worth Repeating – Beware of PTO Cash-Outs! 1.8k views | posted on April 22, 2014
- Chapter 31: Is Your Comp Time Immediately Taxable? 1.7k views | posted on November 17, 2016
- Chapter 28: Why Cashing Out PTO Next Year Doesn’t Work 1.5k views | posted on August 15, 2016
- Take Care When Cost-Sharing Under CalPERS 1.3k views | posted on November 7, 2019
- Using 457(b) Unforeseeable Emergency Distributions During the Coronavirus Crisis 1.3k views | posted on March 24, 2020
- A 457(b) Plan Distribution Depends on Which 457(b) Plan You’re In 1.2k views | posted on October 7, 2019
- Why You Need to “Monitor” Full-time, Temporary Employees 1.1k views | posted on August 30, 2018
Category Archives: 401(a)
What Is a Section 415(m) Plan, and When Might You Need One?
Because both the Internal Revenue Code (Code) and PEPRA sometimes “conspire” to limit the retirement benefits of public agency employees in ways that make it harder for affected agencies to hire and retain certain individuals, it may become necessary for … Continue reading
Posted in 401(a), Governmental Benefits, PEPRA
Tagged 415(m), governmental excess benefit plan
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Why a Public Agency Might Want to Add a 401(a) Plan
The vast majority of public agencies already maintain a 457(b), or eligible deferred compensation plan. A much smaller number also maintains one or more 401(a) plans in addition. This post discusses some of the reasons a public agency might want … Continue reading
Understanding the Difference Between Contributions and Allocations In Public Agency Plans
Most public agency defined contribution plan sponsors can easily recall the current amount being contributed to participants in their plan; however, not all can tell you “how” the contribution is being allocated amongst the participants. The distinction between a “contribution” … Continue reading
Posted in 401(a), 457(b) Plans, Governmental Benefits, Plan Administration, Plan Compliance, Plan Qualification
Tagged EPCRS, MOU
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Public Agencies May Need Help “Managing” Their Managed Account Offerings
Although financial industry reports reveal that more and more plan sponsors are offering managed account options, it is not clear that public agency 457(b) and 401(a) plan fiduciaries understand their responsibilities to select and monitor these investment options. Here, we … Continue reading
Public Agencies May Want to Take Advantage of an Anonymous VCP Opportunity Before it Disappears at End of 2021
Recently announced changes in the IRS-sponsored Voluntary Compliance Program (VCP) may encourage public agencies with known plan compliance problems or defects to apply this calendar year under Anonymous VCP, before that option is replaced in 2022. As part of its … Continue reading
Posted in 401(a), 457(b) Plans, Governmental Benefits, Plan Administration, Plan Compliance, Plan Qualification
Tagged EPCRS, IRS, missing participants, VCP
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