Hirschler Fleischer provides sound compliance counsel to clients with respect to their employee benefit plans, both welfare and pension, which are subject to the requirements of the Employee Retirement Income Security Act of 1974 ("ERISA").
The ERISA Practice Group is equipped to represent clients in ERISA based Department of Labor (DOL) audits. The Group also assists clients in the pre-audit context to process DOL Voluntary Self-Correction filings.
Hirschler Fleischer attorneys have knowledge and experience in filing prohibited transaction exemption requests with DOL. Similarly, they assist venture capitalists in navigating the "plan asset" rules as they impact investments made by employee benefit plans in these funds. The Group also functions as an integral part of the Employee Stock Ownership Plan (ESOP) team, since the very nature of implementing an ESOP requires qualification under ERISA rules.
