by Jeff Chang | Apr 14, 2021 | Plan Administration, Record Keeping
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...
by Jeff Chang | Jan 20, 2021 | 401(a), 457(b) Plans, Fiduciary Duties, Plan Administration, Record Keeping
By Jeff Chang Many cities and their retirement plan investment advisors believe that the city must periodically issue an RFP for defined contribution plan recordkeeping or investment advisory services in accordance with the city’s RFP policy or ordinance. Having...
by Jeff Chang | Dec 16, 2020 | Plan Administration, Record Keeping
By Jeff Chang Previously, we described the duties and responsibilities of the plan administrator of a public agency 401(a) or 457(b) plan. While it is important for public agency employees to understand the potential scope of the plan administrator position, there is...
by Jeff Chang | Nov 5, 2020 | 401(a), 457(b) Plans
By Jeff Chang In addition to properly identifying your retirement plan fiduciaries, and substituting a knowledgeable administrative committee in place of your governing board or council, California local agencies also need to consider whether the meetings of their...
by Jeff Chang | Jul 27, 2020 | Investments, Plan Administration, Record Keeping
By Jeff Chang When it comes to retirement plan servicing arrangements for most public agencies, there are basically two flavors: bundled and unbundled. It is important for public plan sponsors and plan fiduciaries to understand the differences between these...