Phillips Nizer LLP has a broad-based ERISA and employee benefits practice. The practice group advises the firm's clients on the latest developments regarding qualified pension, profit sharing, 401(k), employee stock ownership plans and non-qualified deferred compensation plans. The group also counsels clients in the administration of qualified plans and advises plan sponsors with regard to fiduciary issues. We act as counsel to Taft-Hartley employee benefit and pension plans, defend trustees and plans from actions commenced under ERISA for denial of benefits or breach of fiduciary duties, and negotiate the terms of pension, health and welfare plans in the collective bargaining context. In addition, clients are assisted in structuring executive compensation programs, which include stock bonus, deferred compensation and life insurance plans.
The ERISA and Employee Benefits practice group is prepared to assist clients to insure that their qualified pension, 401 (k) and profit sharing plans continue to comply with federal legislation and all applicable rulings and regulations issued thereunder.
Our attorneys are experienced in negotiating voluntary compliance with the Internal Revenue Service (IRS) through the agency's Voluntary Correction Program ("VCP") and Closing Agreement Programs ("CAP"), as well as in structuring appropriate corrections under the Employee Plans Compliance Resolution System ("EPCRS"), as appropriate. In addition, we represent employers in regard to MEPPA and withdrawal liability claims, especially with the fashion industry.
Phillips Nizer is considered a "Volume Submitter" of qualified plans by the IRS throughout the country and makes this service available to the firm's middle-market clients.