Stein Sperling counsels business owners on the legal and regulatory aspects of providing employee benefits. Whether we are assisting a start-up business, a well-established company or a party to a pending commercial transaction, we work closely with clients to ensure their employee benefit plans take into consideration important business implications while complying with local, state and federal regulations.
Employee benefit plans range from leave programs to fringe benefits (e.g., health, life and disability insurance, retirement plans, severance benefits, cafeteria plans and similar arrangements) and are an important recruiting and retention tool. However, the laws that govern these benefits are extremely complicated and require that businesses carefully consider all regulatory requirements before offering plans to employees. Stein Sperling’s attorneys regularly counsel clients on the costs, advantages, and disadvantages of various employee benefit plan options. After businesses adopt one, Stein Sperling continues to help them navigate the complex regulatory environment. Our goal is to understand a client’s business and work together to develop employee benefits that reflect its workforce needs as well as its values and culture.
Offering employees qualified retirement benefit plans such as 401(k), 403(b) and 457(b) requires careful design to comply with federal and IRS regulations. Our employment law team, in conjunction with our tax law department, can review these plans before they are implemented to protect the plans’ tax-qualified status. We are also adept at helping employers amend these plans due to changes in economic conditions or state and federal laws.
Our attorneys have a depth of experience helping clients implement executive compensation plans, non-qualified deferred compensation plans, stock option plans, restricted stock plans, phantom equity plans and other non-qualified compensation arrangements. We help ensure that such arrangements comply with applicable laws, including Section 409A of the Internal Revenue Code. Throughout the process, Stein Sperling’s employment law attorneys consult with the firm’s tax law department to review applicable tax laws for compliance.