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Retirement Plans
A significant portion of our practice is devoted to providing services to clients in connection with establishing, operating and administering qualified and unqualified (plans for senior executives or directors) retirement plans.
The range of retirement plans for which we have experience include:
- 401(k) plans
- Profit Sharing plans
- Money Purchase Pension plans
- Defined Benefit plans
- Excess Benefit plans (for executives)
- Cash Balance Plans
- IRAs
We have provided assistance to our clients on a wide range of activities including:
- Designing, drafting, implementing, and terminating plans
- Advising on administrative and compliance issues
- Conducting a qualified plan compliance review. This involves reviewing the plan to identify areas most susceptible to error and correcting any problems.
- Updating clients about legislative and regulatory changes. Successfully staying compliant depends upon attention to detail. When changes are needed to keep your retirement plans compliant with any legislative or regulatory change, we redraft the plan or help administer the operational change needed to be compliant.
- Assisting with drafting employee communications and handling employee inquiries on issues such as retirement claims, grievances, and document requests.
- Assisting with IRS, Department of Labor and PBGC plan audits.
- Assisting in IRS Correction Programs (EPCRS). The IRS offers various compliance programs to help plan sponsors avoid significant penalties for non-compliance. We have prepared correction programs to correct for plan document and operational errors and negotiated any applicable penalty or correction methodology with the IRS.
- Assisting with the complexities of acquiring or terminating employee benefit plans in a merger or acquisition.
- Draft Summary Plan Description
- Preparing Form 5500 Annual Reports.
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Please call us toll free at 1-877-242-1542 or
contact us online
to schedule a free legal consultation or to discuss tax preparation matters.