Tax Qualified Retirement Plans
We work with clients on a daily basis to resolve issues that arise in connection with their tax qualified 401(k) plans, profit sharing plans, employee stock ownership plans (ESOPs), stock bonus plans, target benefit plans, money purchase pension plans, and defined benefit pension plans. On a regular basis, we draft the necessary plan documents and summary plan descriptions and also obtain IRS determination letters with respect to the tax qualified status of plans. In addition, we assist clients in resolving operational problems pursuant to compliance programs administered by the Internal Revenue Service.
In a recent situation, we were able to obtain a favorable IRS ruling that enabled our client to resolve, at a relatively modest cost, its operational mistake of excluding certain employees who should have been covered under its 401(k) plan.
For additional information, contact John J. Jacobson (860) 240-1006, jjacobson@reidandriege.com, John V. Galiette (860) 240-1009, jgaliette@reidandriege.com or Ron Koniuta (860) 240-1034, rkoniuta@reidandriege.com.