We serve as ongoing legal counsel and technical advisors for third party administrators, recordkeepers, actuaries, banks and trust companies, investment providers, consultants, insurance benefit providers, and other service providers to employee benefit plans.
We understand their business goals and challenges in the complex and quickly evolving field of employee benefits and we help them operate their business from both a competitive as well as a regulatory basis. Given our extensive experience with advising plan sponsors, we are uniquely qualified to provide practical and valuable legal advice to plan service providers.
Some of the legal services we provide to third party administrators and other service provider clients include:
- Answering technical and regulatory questions to help them better serve their clients
- Preparing engagement agreements with their clients
- Reviewing administrative forms and other compliance matters
- Drafting and reviewing contractual agreements with other service providers and business entities
- Defending against claims
- Providing advice on whether and how to market services and products
If you'd like to know more
- Nonqualified Deferred Compensation Plans May Need to Be Updated for Revised Claims Regulations Relating to Disability Determinations
J. MARC FOSSE, August 2017 While nonqualified deferred compensation plans (“Nonqualified Plans”) are generally exempt from most of the substantive provisions of the Employee Retirement Income Security Act of 1974 (“ERISA”), Nonqualified Plans are still subject to ERISA’s enforcement provisions, including claims regulations implementing section 503 of ERISA. For that reason, a Nonqualified Plan must […]READ MORE
- Tax-Exempt Entities and State/Local Governments Have New Flexibility in Designing Annual and Long-Term Bonus Incentive Plans
JAHIZ NOEL AGARD, October 2016 This client alert discusses how tax-exempt entities and state/local governments (“eligible employers”) can take advantage of the new rules in the Internal Revenue Service (“IRS”) proposed regulations (issued on June 22, 2016) regarding Internal Revenue Code (“Code”) Section 457(f) (the “Proposed Regulations”) to design more flexible and easier-to-administer annual and […]READ MORE
- Newly Issued 457(f) Proposed Regulations Clarify Rules for Nonqualified Deferred Compensation Provided by Non-Profit and Governmental Entities
J. MARC FOSSE, July 2016 The long-awaited Internal Revenue Service (“IRS”) proposed regulations regarding implementation of Section 457(f) of the Internal Revenue Code (“Section 457(f)”) are finally here. The proposed Section 457(f) regulations (the “Proposed Regulations”) provide some guidance that was expected, but also provide surprising new developments that tax-exempt non-profit and governmental1 employers (“eligible […]READ MORE