by Jeff Chang | Sep 13, 2017 | Pension
An increasing number of cities, public agencies and special districts are investigating the use of an Internal Revenue Code section 115 trust to help them better manage the short-term costs and long-term liabilities associated with pensions. What is a 115 trust and...
by Jeff Chang | May 30, 2017 | Fiduciary Duties, Investments, Trending Topics
Most public sector retirement plan sponsors understand that even though their plans may not be subject to the fiduciary duties and responsibilities of ERISA, they are still subject to fiduciary duties under applicable State law. Moreover, certain States like...
by Jeff Chang | Apr 19, 2017 | 401(a), 457(b) Plans, Fiduciary Duties, Fiduciary Responsibilities, Investments, Plan Administration, Trending Topics
Recently, we have dealt with an “epidemic” of retirement plans, both very large and very small, that all have the same problem – the lack of a proper fiduciary structure. Why? As with so many personnel and benefits-related programs, new managers and new...
by Jeff Chang | Jan 31, 2017 | Record-keeping
Time and time again plan sponsors seriously disadvantage themselves and their plan participants by announcing the migration of their plan from one record-keeper to a new record-keeper before all the conditions for a smooth transition have been fulfilled. ...
by Jeff Chang | Aug 15, 2016 | Pension
Our efforts to educate employers about the dangers and surprises associated with PTO cash‑outs (see, Chapter 13 and “When Having Your Cake and Eating It May Be a Bad Thing: Cautions About Cash-Outs of Unused Leave Or PTO”) are having an effect....
