by Jeff Chang | Sep 3, 2020 | 401(a), Income Tax, Retiree Health
By Jeff Chang A recently issued IRS private letter ruling may provide public agencies and their employees with another way to give employees more control over the types of retirement benefits they will eventually receive. As we previously reported, governmental...
by Jeff Chang | Jun 11, 2020 | 401(a), 457(b) Plans, Plan Administration, Plan Qualification, Record Keeping
By Jeff Chang Based on numerous requests for plan documents from public agency clients, we know that many cannot find complete sets of their historical and current retirement plan documents that are properly authorized, signed and dated. If this sounds like you,...
by Jeff Chang | May 27, 2020 | Income Tax
By Jeff Chang Public agency employers trying to recruit or retain highly skilled or highly paid younger workers (e.g., doctors, nurses, IT specialists, engineers) may want to take advantage of a limited employer-paid benefit under the CARES Act. This limited-time...
by Jeff Chang | May 11, 2020 | 401(a), 457(b) Plans, Retiree Health
By Jeff Chang As the harsh realities of the coronavirus pandemic, along with its widespread impact on all aspects of daily life, continue to shock and numb us all, many cities have already been identified as “high risk” from a financial stability perspective by the...
by Jeff Chang | Feb 4, 2020 | 401(a), 457(b) Plans
By Jeff Chang Many governmental 457(b) deferred compensation and 401(a) defined contribution plan sponsors do not take full advantage of the contribution limits for these plans. To do this, you need to understand: the limits, who they apply to, how they coordinate and...