Given the size and experience of Reinhart's Employee Benefits Practice Area, few firms can match Reinhart's ability to tackle complicated qualified plan issues. The attorneys on our Qualified Retirement Plan team counsel plan sponsors, plan trustees and other plan service providers and fiduciaries. Our experience in working with qualified retirement plans extends to virtually every type of qualified plan including profit sharing plans, 401(k) plans, employee stock ownership plans, pension plans, cash balance and other hybrid plans, money purchase pension plans, cross-tested plans and floor offset plans.
The Qualified Retirement Plan team has developed a sophisticated series of qualified plan documents under its Volume Submitter Program. These documents provide plan sponsors of all sizes with a low-cost means of adopting a state-of-the-art qualified retirement plan. Our Qualified Retirement Plan team works routinely with Internal Revenue Code qualification issues and ERISA issues. We regularly assist clients in negotiating audits by the Department of Labor (DOL) or the Internal Revenue Service (IRS), and have extensive experience working with the Pension Benefit Guaranty Corporation. We also assist clients in correcting qualification or fiduciary failures that may have occurred in administering the plan.
We consistently work with clients on issues relating to investments, prohibited transactions, delegation of duties, plan expenses and plan administration. Our fiduciary review/monitor program, performed much like an audit of a company's financial operations, is a comprehensive examination of the operation and delegation of a qualified retirement plan fiduciary's responsibilities. This structured program makes us a one-of-a-kind resource in assisting plan sponsors and fiduciaries in reducing their potential liability under ERISA and the Internal Revenue Code.
Our Qualified Retirement Plan team has extensive experience in working with employers in practically all industries and professions in structuring, designing, drafting and administering all aspects of qualified retirement plans. We also routinely assist clients in preparing the necessary government filings for qualified plan legal compliance, including determination letter requests from the IRS. We currently have more than 20 attorneys experienced in working with qualified plans, as well as an extremely experienced team of paralegals. The size and experience of our Qualified Retirement Plan team uniquely allows us to assign matters to qualified individuals whose experience level is commensurate with the complexity of the given matter, resulting in the most efficient and cost-effective results possible for clients.