The New IRS Form 990: What Does It Mean For Your ... - Venable LLP
The New IRS Form 990: What Does It Mean For Your ... - Venable LLP
The New IRS Form 990: What Does It Mean For Your ... - Venable LLP
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Employee Benefits and Executive Compensation<br />
In today's competitive and global marketplace, employee benefit programs of all kinds<br />
have emerged as essential tools used by companies in every industry sector to attract,<br />
incentivize, and retain their key contributors. From broad-based retirement, health and<br />
welfare plans to sophisticated executive compensation arrangements, <strong>Venable</strong>'s<br />
Employee Benefits and Executive Compensation Group prides itself on partnering with<br />
our clients as counselors and strategists to help them respond to their benefits-related<br />
problems through effective, practical, and creative means.<br />
<strong>The</strong> interdisciplinary world of employee benefits and executive compensation requires<br />
sharp technical skills and a facile knowledge of the tax, labor, employment, corporate<br />
and securities laws, stock exchange rules, disclosure obligations, and accounting<br />
principles that converge to shape the terms of corporate benefit and compensation<br />
programs. <strong>The</strong> rules of the game are constantly changing, and <strong>Venable</strong>'s Employee<br />
Benefits and Executive Compensation lawyers remain at the forefront, tracking<br />
important legislative, regulatory, and market changes so that we can stay ahead of the<br />
curve and offer proactive advice to our clients.<br />
<strong>The</strong> Employee Benefits and Executive Compensation Group has a diversified national<br />
practice and regularly assists clients of all shapes and sizes—in virtually every industry<br />
sector—on their compensation and benefit-related issues, whether they are public<br />
companies, closely-held businesses, non-profit organizations, trade associations, or<br />
governmental entities. Our primary areas of concentration are described below in more<br />
detail.<br />
Qualified Retirement Plans<br />
Recent years have seen tremendous changes in company-sponsored retirement plans due<br />
to a myriad of factors, such as increased consolidation in all industry sectors, the<br />
unparalleled mobility of workers, and legislative and regulatory initiatives that change<br />
the rules affecting retirement plans virtually every year.<br />
We regularly work with defined benefit pension plans, money purchase plans, profit<br />
sharing plans, 401(k) plans, and employee stock ownership plans (ESOPs) for all types<br />
of employers, guiding our clients through a labyrinth of technical requirements and<br />
practical decision making, so that the retirement plan that emerges at the end of the<br />
design process meets both client-specific needs and all necessary compliance obligations.<br />
Our services cover the full lifecycle of qualified retirement plans—from the development<br />
and drafting of the plan to its ultimate wind-down and termination. During this lifecycle,<br />
we work closely with our clients and consulting firms to design and draft technically<br />
accurate yet understandable retirement plan documents, make recommendations for the<br />
practical administration of the plan, and submit the plan to the Internal Revenue Service<br />
for approval. After the initial stages of plan installation, we continue to provide guidance<br />
on plan interpretation and administration, and we aid in the amendment of existing plans,<br />
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