There appears to be some confusion among California municipalities about 401(a) opt-in plans use and an employee’s ability to make a one-time irrevocable election to make pre-tax contributions....more
Several municipal clients adopted retiree health savings plans or post-employment health plans, and continue to have questions about what they are and how they should be administered....more
Many governmental 457(b) deferred compensation and 401(a) defined contribution plan sponsors do not take full advantage of the contribution limits for these plans. To do this, you need to understand: the limits, who they...more
2/5/2020
/ 401k ,
457(b) Plans ,
Compensation & Benefits ,
Contribution Limits ,
Deferred Compensation ,
Defined Contribution Plans ,
Employee Benefits ,
Employee Contributions ,
Employer Contributions ,
Paid Time Off (PTO) ,
Public Employees ,
Retirement Plan ,
Tax Planning
There are several tools that can be used to correct or fix governmental plan problems.
First, some classification. Practically all the retirement plans we discuss are “tax-advantaged” in one form or another. However,...more
12/6/2019
/ 401k ,
403(b) Plans ,
457(b) Plans ,
Annuities ,
Deferred Compensation ,
Employee Benefits ,
EPCRS ,
Internal Revenue Code (IRC) ,
IRS ,
Plan Administrators ,
Public Employees ,
Retirement Plan ,
State-Sponsored Retirement Plans ,
Tax Favored Programs ,
Tax Planning
Due to the IRS’ different treatment of private sector and public agency boards of directors, it comes as little surprise that many California special districts and public agencies continue to classify their board members as...more
7/23/2019
/ 1099s ,
Board of Directors ,
Common Law Test ,
Compensation & Benefits ,
Independent Contractors ,
IRS ,
Misclassification ,
Payroll Taxes ,
Public Agencies ,
Public Officials ,
Risk Management ,
Tax Liability ,
Tax Planning ,
Wage and Hour