Category Archives: Plan Administration

School District 403(b) Plans and Investment Selection

  When it comes to 403(b) plans of California school districts or charter schools, there is confusion about the ability of the sponsoring district or charter school to limit the participant’s ability to select a particular insurance provider for their … Continue reading

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What Happens to Participants’ 457(b) Deferral Elections When they Pass Away?

Just the other day, a public agency client contacted us to find out what to do with a participant’s 457(b) plan deferral election following the participant’s untimely death due to COVID. As with most cases, cities and special districts would … Continue reading

Posted in 457(b) Plans, Fiduciary Responsibilities, Income Tax, Plan Administration, record-keeping, Uncategorized | Tagged , , | Leave a comment

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

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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

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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

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