Design and drafting of benefits plans
Proper design and careful drafting of employee benefit plans is crucial to their administration, and also the key to benefit determinations when claims are litigated. Our tax attorneys have years of experience designing and drafting welfare benefit and pension plans. We also assist clients with administration and compliance issues such as U.S. Department of Labor plan audits and investigations.
A breadth of business law knowledge
Our Employee Benefits Guidance and Litigation attorneys are drawn from the firm's Employment and Labor and Tax groups. In addition, our lawyers benefit from being able to draw upon Nexsen Pruet’s many other business law practice groups, which helps ensure that our Employee Benefits Guidance and Litigation work supports overall client business objectives.
We focus on all forms of welfare and pension benefits for a wide range of organizations. Our employee benefits clients range from sole proprietorships to large firms with over 10,000 employees. We represent corporations, partnerships, LLCs and sole proprietorships, as well as many governmental and tax-exempt employers, such as hospitals, universities, charitable groups, credit unions and other organizations.
Retirement and compensation plans
The firm provides a wide spectrum of services to sponsors of qualified retirement plans, including ESOPs. Our services include:
- Design and implementation of plans
- Ongoing administration of plans
- Compliance with plan reporting and disclosure requirements
- Correction of qualification defects through various IRS-approved correction methods
- Correction and reporting of prohibited transactions
- Analysis of fiduciary responsibilities associated with the plans
We also have extensive experience in the design, implementation and administration of non-qualified deferred compensation plans, stock option plans, and other incentive compensation plans.
Health insurance and other benefits
In addition to retirement plan issues, our practice includes all aspects of the design, implementation and administration of all forms of welfare benefit plans, including fully insured and self-insured plans.
Our attorneys routinely counsel clients in matters pertaining to HIPAA and COBRA compliance. We also handle ERISA litigation involving the various types of pension and welfare benefit plans. Nexsen Pruet frequently works with various government agencies that regulate employee benefits, including the Internal Revenue Service, the United States Department of Labor and the Pension Benefit Guaranty Corporation.