Click the image on the right to download a quick-reference card of these 2018 limits for benefit plans.
We can provide valuable, preventive advice that enhances your bottom line in a wide range of situations. Times you should contact benefits counsel include when the company:
- Receives notice of audit/investigation from IRS, DOL or PBGC
- Receives an plan audit report that recommends changes or corrections
- Desires to review internal controls
- Identifies a potential error in how a plan was operated
- Receives a complaint pertaining to a benefit plan
- Decides to offer severance to employees
- Is establishing a new plan or terminating an existing plan
- Changes any element of a plan's design or operation
- Desires to incentivize employees bonuses, stock, options, or other incentive plans
- Is evaluating its benefits governance process
- Has questions about proposed changes to applicable law
- Needs to provide participant notices (such as safe harbor notices, SPDs, or SMMs)
- Changes its use of independent contractors
- Changes vendors
- Anticipates buying a company or selling all or part of the business
- Reorganizes company structure
- Experiences downsizing or reductions in force
- Anticipates changes in the ownership of related businesses
- Receives notice of any union organizing activity or bargaining
- Is hiring an executive or offering any deferred compensation
- Is terminating an executive
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.