Category Archives: record-keeping

Authorized Plan Representatives for Your Governmental 457(b) or 401(a) Plan

By Jeff Chang Whenever you engage a new recordkeeper for your governmental 457(b) or 401(a) plan, the plan sponsor will be asked to complete, sign and return an authorized plan representatives form (APRF). The APRF designates the so-called “contact persons” … Continue reading

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Improving Administrative Service Agreements For Public Agency Retirement Plans

By Jeff Chang Although many of our municipal and special district clients have sophisticated contracting and RFP departments, they often do not have balanced and well-negotiated administrative service agreements (ASAs) with their 401(a) and 457(b) recordkeepers. This is due in … Continue reading

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Have You Developed All of the Policies and Procedures Needed to Properly Administer Your Governmental 457(b) or 401(a) Plan?

By Jeff Chang If you are responsible for the administration of a public agency 457(b) or 401(a) plan, you know that these tax-favored plans are complicated and subject to myriad rules and requirements found in the plan document, the Internal … Continue reading

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Public Agency Plan Administrators Need to Keep Track of Participants Before They Go “Missing”

By Jeff Chang Although “governmental” plans are not subject to ERISA and the guidance issued by the U.S. Department of Labor (DOL), public agency plans in California are subject to ERISA-like rules and would benefit from following the DOL’s recent … Continue reading

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Public Employers Not Participating in Social Security Need To Tell Their Employees About the Windfall Elimination Provision and The Government Pension Offset

By Jeff Chang Previously, we explained that California alone has thousands of public agency employers (i.e., cities, counties, special districts, school districts and JPAs) that do not contribute to Social Security, but instead provide a Social Security Replacement Plan (SSRP). … Continue reading

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