Tag Archives: missing participants

Public Agencies May Want to Take Advantage of an Anonymous VCP Opportunity Before it Disappears at End of 2021

By Jeff Chang Recently announced changes in the IRS-sponsored Voluntary Compliance Program (VCP) may encourage public agencies with known plan compliance problems or defects to apply this calendar year under Anonymous VCP, before that option is replaced in 2022. As … Continue reading

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What Participant-Level Records Should Your Governmental 401(a) or 457(b) Plan Keep?

By Jeff Chang In earlier posts, we discussed the plan documents you should keep as well as some of the policies and procedures you will need to properly maintain and administer your governmental 401(a) or 457(b) plan. This post discusses … 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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Required Minimum Distributions (RMDs) – The Out of Sight, Out of Mind Problem

By: Jeff Chang We all sometimes lose track of things hidden away in the back of the closet or fail to stay in touch with friends we haven’t heard from or seen in a while. These common tendencies can cause inconvenience … Continue reading

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