The Employee Benefits Practice Group has significant experience advising clients with respect to the full range of ERISA Compliance issues, providing proactive advice to avoid compliance issues, and a wide range of services to help clients correct compliance issues, including submissions under one or more of the DOL and IRS correction programs, including the DOL’s Delinquent Filer Voluntary Correction and Voluntary Fiduciary Correction programs and the IRS’s Employee Plan Compliance Resolution System. We have been successful in negotiating favorable settlements of taxes asserted by the IRS, including the reduction or waiver of excise taxes.
We offer a range of services with respect to ERISA Prohibited Transactions, including advice with respect to potential prohibited transactions in proposed transactions, representing clients with the DOL regarding asserted prohibited transactions, obtaining Prohibited Transaction Exemptions, and obtaining DOL Advisory Opinions. The Group has experience assisting clients in other DOL compliance matters including the DOL Disclosure regulations, for employers and plan sponsors (Participant disclosure), and Service Providers. The Group also works with clients’ Third Party Administrators with respect to adoption, administration, and termination of ERISA plans, including the annual filing of Form 5500, and other required filings.