Search
Subscribe
Subscribe to receive emails regarding our latest blog posts.
Past Blog Posts
Categories
-
Popular Posts
- Using a Section 115 Trust to Help Manage Pension Obligations 4.2k views | posted on September 13, 2017
- Public Agency Board Members’ Worker Classification Matters for Tax Purposes 2.1k views | posted on July 22, 2019
- If You Don’t Have a Section 218 Agreement, Watch Out for the Social Security “Gotcha” 2.1k views | posted on October 19, 2018
- Chapter 13: Some Things Are Worth Repeating – Beware of PTO Cash-Outs! 1.9k views | posted on April 22, 2014
- Chapter 31: Is Your Comp Time Immediately Taxable? 1.8k views | posted on November 17, 2016
- Chapter 28: Why Cashing Out PTO Next Year Doesn’t Work 1.6k views | posted on August 15, 2016
- Take Care When Cost-Sharing Under CalPERS 1.3k views | posted on November 7, 2019
- A 457(b) Plan Distribution Depends on Which 457(b) Plan You’re In 1.3k views | posted on October 7, 2019
- Using 457(b) Unforeseeable Emergency Distributions During the Coronavirus Crisis 1.3k views | posted on March 24, 2020
- Why You Need to “Monitor” Full-time, Temporary Employees 1.2k views | posted on August 30, 2018
Tag Archives: plan fees
Public Agencies May Need Help “Managing” Their Managed Account Offerings
Although financial industry reports reveal that more and more plan sponsors are offering managed account options, it is not clear that public agency 457(b) and 401(a) plan fiduciaries understand their responsibilities to select and monitor these investment options. Here, we … Continue reading
Does Your Agency’s Plan Have Dormant Accounts That Should Be Paid Out?
Quite often, a review of the participant status within an agency’s 401(a) and 457(b) plans will reveal that the plans have a large number of dormant accounts – accounts relating to previously terminated, deceased, or divorced employees (who have divided … Continue reading
The “Mechanics” of Combining Your Agency’s Multiple 457(b) Plans
Many public agencies have come to sponsor and maintain multiple 457(b) plans, which can unnecessarily increase the compliance burden as well the fees paid by participants. Although the human resource and finance managers who typically oversee these plans know that … Continue reading
Posted in 457(b) Plans, Investments, Plan Administration, record-keeping
Tagged governmental plans, multiple 457(b) plans, plan fees, recordkeeper consolidation
Comments Off on The “Mechanics” of Combining Your Agency’s Multiple 457(b) Plans
Improving Administrative Service Agreements For Public Agency Retirement Plans
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 is due in part to a … Continue reading
Posted in Plan Administration, record-keeping
Tagged administrative service agreement, contract negotiations, governmental plans, plan fees
Comments Off on Improving Administrative Service Agreements For Public Agency Retirement Plans
Using a Plan Administration Expense Account as Part of An Agency’s 457(b) or 401(a) Plan
Not surprisingly, many cities and special districts no longer have monies available in their budgets to spend on things such as legal fees to analyze and correct plan administration problems and compliance issues. When it is not feasible for the … Continue reading
Posted in Plan Administration, record-keeping
Tagged expense reimbursement account, payment of legal fees by plan, plan administrative expense, plan fees, settlor
Comments Off on Using a Plan Administration Expense Account as Part of An Agency’s 457(b) or 401(a) Plan