Category Archives: 401(a)

Take a Closer Look at Your 401(a) and 457(b) Plans When You Change Providers

By Jeff Chang Previously, we have discussed a number of the do’s and don’ts of switching plan providers, such as investment advisors and recordkeepers. This post focuses on why plan sponsors, plan administrators and plan recordkeepers all should take greater … Continue reading

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Is Your 457(b) or 401(a) Plan Fee Allocation Fair and Reasonable?

By Jeff Chang Investment fiduciaries and plan administrators of California public sector 457(b) and 401(a) plans are required by law to act as “prudent experts” for the sole and exclusive purpose of providing benefits and defraying “reasonable expenses” of administering … Continue reading

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What Participant-Level Records Should Your Governmental 401(a) or 457(b) Plan Keep?

By Jeff Chang In earlier posts, we discussed the plan documents you should keep as well as some of the policies and procedures you will need to properly maintain and administer your governmental 401(a) or 457(b) plan. This post discusses … Continue reading

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Is Your Social Security Replacement Plan Up to Snuff?

By Jeff Chang As we previously explained, most public agencies are not automatically subject to Social Security. They have a choice between voluntarily participating in Social Security pursuant to a section 218 agreement, or they can exempt some or all … Continue reading

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California Public Agency 401(a) Sponsors Should Amend Their Plans for PEPRA and May Want to Submit for a New IRS Determination Letter

By Jeff Chang Ongoing changes in the way the IRS reviews and “approves” qualified retirement plan documents and the need for California public agencies to comply with the Public Employees’ Pension Reform Act (PEPRA) are forcing these agencies to reevaluate … Continue reading

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