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- Using a Section 115 Trust to Help Manage Pension Obligations 3.8k views | posted on September 13, 2017
- Public Agency Board Members’ Worker Classification Matters for Tax Purposes 2k views | posted on July 22, 2019
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- Chapter 13: Some Things Are Worth Repeating – Beware of PTO Cash-Outs! 1.6k views | posted on April 22, 2014
- Chapter 31: Is Your Comp Time Immediately Taxable? 1.5k views | posted on November 17, 2016
- Chapter 28: Why Cashing Out PTO Next Year Doesn’t Work 1.4k views | posted on August 15, 2016
- Take Care When Cost-Sharing Under CalPERS 1.2k views | posted on November 7, 2019
- Using 457(b) Unforeseeable Emergency Distributions During the Coronavirus Crisis 1.2k 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
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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
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
Posted in 401(a), 457(b) Plans, fiduciary, Governmental plans, Investments, Plan Administration, record-keeping, Retirement Plan Fees
Tagged fee allocation, revenue sharing, stable value fund
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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
Posted in 401(a), 457(b) Plans, Governmental Retirement, Missing Participants, Plan Administration, record-keeping
Tagged benefit determinations, participant records
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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
Posted in 401(a), 457(b) Plans, Governmental plans, Plan Administration, record-keeping, Social Security Administration
Tagged CalPERS, replacement plan, section 218
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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
Posted in 401(a), Governmental plans, individually designed plan, PEPRA, Plan Qualification, Pre-Approved
Tagged determination letter, opinion letter
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