The firms Pension and Financial Services Department handles all areas of pension law for physicians and other health care professionals ranging from the calculation of pension deductions to distribution requirements, as well as  prohibited transactions and the termination of plans. We represent multi-employers who have merged their practices due to managed health care and represent professional corporations, unincorporated medical practices and professional partnerships. 

When implementing a qualified retirement plan (defined benefit, money purchase, profit sharing, 401(k) or target benefit plan) our ERISA Department determines the most attractive plan design for the company by analyzing their tax situation and projecting the tax-free accumulation and distributable benefits at retirement. Our innovative structuring serves as a means for our clients to maximize pension deductions by deferring the payment of taxes until benefits are actually received. By working directly with our clients and their accountants we develop the most appropriate approach to meet our clients’ needs

Our pension department handles all aspects of the administration of qualified retirement plans, including the calculation of annual contributions, preparation of annual valuations and annual tax forms required by the Department of Labor and the Pension Benefit Guaranty Corporation.  We also prepare the calculations for the termination benefits and maximum loan amounts. We consult our clients regarding their continued tax-favored status with the Internal Revenue Service by discussing issues like minimum coverage and participation, highly compensated employees, contribution and benefit limitations, permitted disparity funding requirements, vesting, distribution requirements, tax deductions, prohibited transactions, maximum permissible loans, fiduciary responsibilities, reporting requirements and termination of plans.

We consult our clients on real estate issues relating to their qualified plans. Our ERISA Department has handled a variety of pension audits with the Internal Revenue Service.