Every organization’s most important assets are its employees. Therefore, attracting and retaining employees is one of its most important priorities.
And our work for you is to ensure that employment agreements, benefit plans, and pension and deferred compensation plans and agreements are clear and compliant with the requirements of the Employee Retirement Income Security Act (ERISA) and the conditions in the Internal Revenue Code that must be satisfied for benefits to be tax-free or tax-deferred.
We prepare and review employment agreements, and qualified retirement and §401(k) plan documents. We maintain and have received IRS approval of two master and prototype §403(b) plans.
We routinely provide documents supporting §457(b) and §457(f) nonqualified deferred compensation arrangements for senior management of tax-exempt clients, including (among others) charities and trade associations.
We advise clients about the tax treatment of various kinds of fringe benefits, such as working condition and no-additional-cost benefits.
In connection with reviews of draft Forms 990, we ensure that employee compensation and benefits are properly reported in Parts VII and IX, and in Schedule J.
When necessary, we represent clients in federal and state employment tax audits.