 |
|
- As company owners search for business continuation strategies, Pension
Works is often called on to bring employee ownership options for discussion.
As an employee owned company, we are uniquely suited to discuss and help
explore the highs and lows of such a structure;
- During the life of a plan, things sometimes go wrong. In some cases,
data or compliance errors are uncovered during routine random IRS or Dept.
of Labor audits. Our seasoned consultants regularly represent clients’ interests
during such audits;
- Sponsors in tandem with their plan trustees may determine it best to
change investment packages. Pension Works can assume the role of ombudsman
in the design, search and evaluation of vendor bids through a “Request
for Proposal” process;
- A company may undergo various iterations of its objectives as older
employees retire and younger folks are attracted to “keep the fires
burning”. We are often brought in to “dust off” the existing
plan and update it in keeping with current company philosophy;
- On occasion, a plan may no longer serve the objectives of the sponsor
and is resolved by the sponsor to be terminated. Pension Works has long
experience with the filing of plans to the IRS and PGBC to obtain a determination
that the termination of plans meets all rules of each monitoring agency;
- Our employee owners have served the legal community as expert witnesses
in matters relating to qualified retirement plans;
- ESOP companies have benefited from our work in connection with projected
company share repurchase obligations.
|
|
|
|
|
|
|