More and more of our personal wealth is held in Pension Plans or IRA’s of various types. These often tax deferred vehicles lend themselves well to tax advantaged wealth accumulation. Similarly, these plans can provide significant business deductions and can play an important role in reducing corporate taxes.

Certain types of pension and welfare plans are governed by a federal statute entitled the Employee Retirement Income Security Act of 1974, commonly known as ERISA. Those plans that are covered by ERISA, or “Qualified Plans”, provide the added benefit of being virtually bullet proof to creditors.  This makes these types of plans very appealing for asset protection purposes.

Making sure that these plans are managed and maintained properly and in compliance with Federal law is crucial to their effectiveness. Most plans labor under some compliance failure which may have drastic consequences including, but not limited to, retroactive disqualification of the plan. We can help you evaluate your options and help recommend a plan that is appropriate for you or your company.

We can help you maintain your plan in proper compliance. Additionally, we can review or audit your plan for compliance. If you are an employer with questions, seeking to set up a plan, or need to handle an employee compliant, Department of Labor or IRS inquiry, please give us a call.

Likewise, if you are an employee participating in an employer plan and want to learn more about what your employer has provided or want to know if the plan is in compliance, we invite you to contact us.

Services offered:

Retirement & Income Tax Deferral
Rabbi/Secular Trusts
Tax-Sheltered Annuities
Qualified Retirement Plans

• 401(k) Plans
• Profit Sharing Plans
• Target Benefit Plans
• Defined Benefit Pension Plans
• Money Purchase Pension Plans
• Individual Retirement Accounts
• Employee Stock Ownership Plans

Non-Qualified Retirement Plans

• Deferred Compensation Plans
• Medical Savings Accounts

Employee Severance Plans
Welfare Benefit Trusts
Defective Grantor Trusts
IRS and Department of Labor Audits
Voluntary Compliance Programs