Benefit plans are subject to a seemingly never-ending procession of compliance requirements, and even minor problems can lead to significant consequences for employers, fiduciaries, and participants. Fortunately, there are a number of ways you can deploy plan documents and summary plan descriptions to minimize the likelihood of problems, and when Murphy’s law inevitably rears its head, the IRS and DOL offer a number of correction programs that can be used to cure the most common benefit plan ailments. In this session, you will learn practical plan drafting techniques to help you avoid compliance problems along with the (relatively) painless ways that common problems can be corrected under IRS and DOL guidance.
Mergers and Acquisitions as well as large lending transactions raise a host of employee benefits issues, many of which can be avoided with proactive attention. Recent case law developments (such as the Sun Capital Partners case) underscore the importance of spotting and handling potential employee benefits issues well before the “deal” is about to close. This panel will walk attendees through the top employee benefits issues that commonly arise in an M&A transaction (including 401(k) and other qualified plans, health and welfare plans and executive compensation plans) and give practical tips for handling these issues on a proactive basis, starting with due diligence and continuing through and after the deal has closed.