We regularly assist clients in the design, implementation and operation of all types of tax-qualified retirement plans, including:
- traditional defined benefit plans;
- cash balance plans;
- 401(k) plans;
- money purchase plans;
- ESOPs; and
- employee stock purchase plans.
We also counsel clients with respect to plan administration and management, including day-to-day support for in-house benefits personnel regarding plan operations (e.g., distributions, loans, withdrawals, investment changes), participant communications, participant claims and inquiries, and contractual relationships with plan service providers. Additionally, we provide assistance relating to plan operation and compliance matters, including comprehensive compliance audit services and advice and assistance in correcting errors under the Internal Revenue Service’s Employee Plans Compliance Resolution System (EPCRS), the Department of Labor’s Voluntary Fiduciary Correction Program (VFCP) and other similar plan compliance programs.
We have broad experience advising 401(k) plan committees, institutional trustees, boards of directors, and other plan fiduciaries regarding their powers and responsibilities under ERISA and other applicable law.