What is benefits law?
Benefits law primarily centers around those plans offered by employers to employees. Benefits law covers two areas: retirement plans and welfare plans. Applicable federal law is commonly known as ERISA. State law may also affect benefits plans offered by employers.

What are common problems with benefits?
Issues frequently seen are the improper payment of benefits in amount or for who is entitled to receive benefits. Other common issues occur when documents describing these plans become out of compliance with the law due to law changes or practices within the plan.

What can be done to correct these problems?
Depending on the problem, the IRS may have a correction program that can be followed. If not, the IRS may be empowered to either disqualify the benefits plan, causing significant tax consequences to the employer and the participants, or the IRS and Dept. of Labor may impose penalties as they deem fit within the parameters of the law.

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