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- Using a Section 115 Trust to Help Manage Pension Obligations 4k views | posted on September 13, 2017
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Tag Archives: plan fees
Public Agencies May Need Help “Managing” Their Managed Account Offerings
By Jeff Chang 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 … Continue reading
Does Your Agency’s Plan Have Dormant Accounts That Should Be Paid Out?
By Jeff Chang 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 … Continue reading
The “Mechanics” of Combining Your Agency’s Multiple 457(b) Plans
By Jeff Chang 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 … Continue reading
Posted in 457(b) Plans, Investments, Plan Administration, record-keeping
Tagged governmental plans, multiple 457(b) plans, plan fees, recordkeeper consolidation
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Improving Administrative Service Agreements For Public Agency Retirement Plans
By Jeff Chang 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 … Continue reading
Posted in Plan Administration, record-keeping
Tagged administrative service agreement, contract negotiations, governmental plans, plan fees
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Using a Plan Administration Expense Account as Part of An Agency’s 457(b) or 401(a) Plan
By Jeff Chang 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 … 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