With an estimated $40 trillion invested in U.S. tax-qualified retirement plans, employers and businesses face critical decisions daily regarding the development, design and oversight of these plans. Our team works with plan sponsors, administrators and fiduciaries to ensure compliance, troubleshoot potential problems and assist in taking corrective actions when necessary.
We advise businesses of various sizes in a broad range of industries with complex plans and challenging issues. We provide practical, responsive advice regarding defined benefit pension, 401(k), 403(b), 457, cash balance and hybrid plans.
We have extensive experience in assisting employers with the unique structures and objectives associated with ESOPs, multiemployer plans and multiple employer plans as well as not-for-profit and governmental employer retirement plans.
We guide fiduciaries regarding the negotiation and monitoring of fees and expenses to minimize the likelihood of litigation over these issues. We monitor statutory and regulatory changes that impact benefit plans and prepare plan amendments to conform plans to those changes.
Our team assists clients with corrective actions for plan operational errors and can shepherd those plans through governmental filings, including the IRS Employee Plans Compliance Resolution System (EPCRS) (including the Voluntary Correction Program), as well as the DOL’s Delinquent Filer Voluntary Compliance (DFVC) Program and the Voluntary Fiduciary Correction (VFC) Program. We also assist clients with securities law compliance related to retirement plans either independently or in conjunction with attorneys from the firm’s Securities team.
As cybersecurity issues grow more critical every day, we also offer proven strategies that help protect businesses and plans from breaches and the repercussions of cyber incidents.