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Multiple Plans May Result in Excessive Participant Loans

Multiple Plans May Result in Excessive Participant Loans

by Jeff Chang | Jun 9, 2022 | 401(a), 457(b) Plans, Plan Administration, Record-keeping

Having more 457(b) or 401(a) plans than you really need can create administrative headaches, cost participants unnecessary fees, and sometimes result in “excessive” participant loan situations. If an employee participates in a 457(b) or 401(a) plan, it is likely that...
Retirement Plan Changes During COVID-19: Steps Public Agencies Should Follow

Retirement Plan Changes During COVID-19: Steps Public Agencies Should Follow

by Jeff Chang | Apr 14, 2020 | 401(a), 457(b) Plans, Plan Administration, Record-keeping

Although many employers plan to make changes to their retirement plans to take advantage of employee-friendly CARES Act provisions, public agencies should not blindly adopt recommended changes without thinking about the steps involved. The last Focus on Public...

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