IRS Correction Rules for Retirement Plans: Plan Administration, Remediation of Noncompliance

Mr. Bokert is co-chair of the firm's Benefits + Compensation Practice Group. His practice encompasses nearly all aspects of executive compensation and employee benefits, including matters related to equity plans, deferred compensation plans, phantom equity plans, qualified retirement plans and welfare plans. He has extensive experience in Section 409A and deferred compensation arrangements. He has extensive experience in counseling plan committees on their fiduciary responsibilities under ERISA.

Ms. Calhoun is a member of  the firm’s Employee Benefits and Executive Compensation practice. She has more than 30 years of private practice experience with employee benefits and insurance product taxation matters, including qualified retirement plans, health and welfare arrangements, executive compensation, and insurance and annuity products. She has significant experience with standard pension plans, the full array of government plans, excess benefit plans, 401(k), cafeteria/flexible spending, and a wide variety of welfare plans. Her clients include states, localities, and international organizations regarding their benefit plans.

Mr. Hamilton concentrates his practice in the area of employee benefits law. He has over 20 years of experience navigating the complexities of ERISA and the Internal Revenue Code, including drafting plan documents, amendments, summaries and notices, reviewing agreements and contracts with third party administrators and vendors, and performing employee benefit due diligence for mergers and acquisitions. Mr. Hamilton has represented clients under audit by the Internal Revenue Service and the Department of Labor and has completed numerous retirement plan corrections. He has obtained funding waivers for defined benefit pension plans and helped clients respond to reportable event inquiries from the Pension Benefit Guaranty Corporation. Mr. Hamilton has advised clients on issues related to multi-employer union pension plans, including plan audits and withdrawal liability. He has a special focus on employee benefits for tax exempt and nonprofit employers such as hospitals, schools, churches and church-related organizations, and other charitable organizations. Mr. Hamilton has in-depth, practical experience dealing with the rules and requirements that apply to Code § 403(b) and 457 plans sponsored by tax-exempt employers.