Repairing a Qualified ERISA Plan, Consultants & Advisors

Daniel Reser - Fiduciary Services, LLC

Repairing a Qualified ERISA Plan in San Rafael, CA

Mr. Reser has been a corporate fiduciary for corporate securities and reorganization transactions as well as trustee and custodian of retirement plans for over 25 years. Before founding Fiduciary Services, Inc. he was active for 17 years in Los Angeles as a Vice President and manager of corpor...

Alan Kandel - Husch Blackwell

Repairing a Qualified ERISA Plan in St Louis, MO

Alan counsels a wide variety of clients – publicly traded, privately held, tax-exempt and governmental – as they navigate the highly regulated space of Employee Benefits and Executive Compensation. He works closely with clients to design and draft durable and strategic benefit plan...

Sheryl Bayani-Alzona - Employee Benefits Law Group PC

Repairing a Qualified ERISA Plan in Los Angeles, CA

Sheryl is a shareholder at Employee Benefits Law Group, PC. She opened the Los Angeles office for the firm in 2016 and has since guided over 100 companies in their ESOP journey. As an ESOP attorney, she advises companies, shareholders, and internal and independent trustees on all aspects of ES...

Jordan Bergkamp - Husch Blackwell

Repairing a Qualified ERISA Plan in Kansas City, MO

Jordan effectively works with clients on complex employer-sponsored benefit plans and compensatory arrangements. His legal training and accounting background allow him to navigate the Internal Revenue Code dealing with benefits law and thoroughly comprehend the Employee Retirement Income Secur...

Kevin Long - Employee Benefits Law Group PC

Repairing a Qualified ERISA Plan in San Jose, CA

Over the last 25 years, Kevin has helped guide over 400 ESOPs and ESOP companies to success, from setting up new ESOPs to taking over underserved ESOPs that were ready to thrive at the next level. They represent the spectrum of publicly traded corporations and privately held companies, from pr...

Sometimes, an ESOP company finds itself in trouble due to their ESOP or ERISA plan design or follow-through. In some cases, they are quickly and easily fixed. In many cases, it requires an expertise that is not associated with the original plan design advisors. Every 5 years, the law requires all ESOP companies to submit their Trust plan, to ensure it is up to the latest level of law. When the IRS or DOL find mistakes, the company can be fined $13,000 per incident. Simple and inadvertant mistakes that can be cause for fines include: Not updating the plan document properly and timely, missing deadlines, not calculating the proper allocations, not offering stock instead of cash for distributions, improper distributions, not vesting properly, diversification issues, and other items that indicate the company and the ESOP Trust are not following the plan. Our ESOP Advisors have the experience and independence to help your management team repair your plan and avoid the potential fines that come from the IRS or DOL for inadvertent mistakes.