Advanced Qualified Plan Design for Income Tax Reduction and Retirement Planning

One of the most critical issues for employers is determining whether to and what kind of employee benefits to offer employees. Before providing benefits, an employer must decide how to deliver those benefits and comply with federal and state regulations.

The statutory and regulatory responsibilities relevant to retirement plans and other benefits can be burdensome for employers. The employer must be aware of and consider the special rules, limitations, and exceptions applicable before implementing any type of benefit plan.

Employee benefits plans must be appropriately structured to allow both the employer and employee to receive advantageous tax treatment under the current law. Additionally, benefits delivered through an ERISA plan include rights and protections for plan participants and their beneficiaries, requiring careful attention to administrative and operational guidelines.

Counsel must understand all rules associated with the design and implementation of employee benefit plans to ensure compliance with federal and state law.

Listen as our panel provides their insights into issues that arise in the design and administration of qualified plans, provides advanced strategies for plan design for income reduction, and addresses how plan sponsors and fiduciaries can avoid or mitigate the risks in plan design and implementation.