Employers understand the value of an effective employee benefit plan. The best plans are those designed to serve both the company and its employees equally well. Balancing the needs of the company and its employees with other factors – such as costs, regulatory issues and administrative complexities – requires careful attention to detail and thorough knowledge of the related legal, regulatory and tax considerations.
CSG’s Employee Benefits & Executive Compensation attorneys take pride in providing clients with the legal tools and resources necessary to meet business objectives. We counsel companies and fiduciaries on the full array of legal issues related to the design, implementation, operation and ongoing compliance of employee benefit and compensation programs, so as to position the company as an attractive place to work or enable it to structure its programs in the most tax efficient manner.
Our attorneys work closely with executives, human resources managers and middle market business owners to develop plans best suited for their needs. We also advise plan fiduciaries and administrators in fulfilling their ERISA duties – including plan operational issues, plan asset diversification/investments and compliance with the myriad of regulations prescribed by the Internal Revenue Service (“IRS”), U.S. Department of Labor and the Pension Benefit Guaranty Corporation.
Our experience gives us a deep understanding of the underlying implementation dynamics and costs inherent in today’s employee benefit programs and allows us to counsel our clients accordingly so they can make informed, prudent business and fiduciary decisions.
Our attorneys advise on a range of employee benefit plans and related concerns, including:
- Pension benefit plans
- Profit-sharing plans
- Cash or deferred arrangements [401(k)]
- Employee stock ownership plans
- Non-qualified deferred compensation arrangements
- Welfare benefit plans
- Executive compensation agreements
- Fiduciary duties
- Compliance with ERISA, the Internal Revenue Code and other applicable laws
- Health Insurance Portability and Accountability Act
CSG’s attorneys proactively counsel clients on the most current pension benefit and welfare benefit plan developments. With our counsel, companies are able to comply with all applicable regulations, adhere to administrative and procedural changes, and remain abreast of industry trends.
We also counsel plan trustees about their fiduciary duties and plan investment obligations, as well as the prohibited transaction rules. In addition, we assist clients in structuring executive compensation programs – including stock bonus, non-qualified and deferred compensation plans, such as those subject to Section 409A of the Internal Revenue Code.
Our attorneys have extensive experience developing and negotiating compliance agreements with the IRS through the Employee Plans Compliance Resolution System, and with the U.S. Department of Labor in resolving plan-compliance issues. We also help clients navigate Multiemployer Pension Plan Amendments Act withdrawal liability claims.