Our team advises private sector and tax-exempt employers and plan fiduciaries on the design, administration, termination, and investments under all types of tax-qualified plans, including:
We regularly work with a broad range of stakeholders, including boards of directors, retirement plan administrative committees, and investment committees on regulatory compliance and plan investments, including the preparation of board and committee packages affecting plan amendments and design changes. Our team counsels clients on the overlap between a collective agreement and the qualified plan requirements, and in matters relating to the Uniformed Services Employment and Reemployment Rights Act (USERRA) and the Age Discrimination in Employment Act (ADEA) as they relate to the design and operation of retirement plans.
Compliance with tax laws and codes is an area of critical importance to plan sponsors and fiduciaries. We regularly obtain Internal Revenue Service (IRS) approvals of plan elements, where appropriate, through determination letter applications, private letter ruling requests, and voluntary compliance submissions. Our team has advised public plan clients on virtually every Internal Revenue Code (IRC) section relating to qualified retirement plans and 457 plans, from generally applicable requirements to unique rules addressing vesting requirements for governmental plans, pickup of employee contributions, purchase of service, and 415(m) excess plans. We also keep clients current on the evolving guidance on the definition of governmental plans.
Private Sector and Tax-Exempt Employers
Public-Sector Employers