Compensation and Employee Benefits

Compensation Tax Services

Executive Compensation is one of the clearest ways to communicate a company’s priorities and values. We provide thoughtful, timely and fully independent executive compensation advice to help companies attract, retain and motivate top leadership. We presently offer the following compensation tax advisory services:

  • IRS Forms W-2 and 1099 Issues, and Other Payroll Reporting
  • Golden Parachute Payments Under IRC Section 280G
  • IRS Section 409A Issues Affecting Non Tax-Qualified Deferred Compensation Plans and Assistance With the Correction of Certain IRC Section 409A Failures
  • Wage Withholding Issues Affecting Employer Stock Plans
  • Preparation and Filing With the IRS of Voluntary Classification Settlement Program Filings For Misclassified Independent Contractors

Expertise

The rules facing companies with respect to ERISA, employee benefits, and executive compensation are complex and important. We assist our clients in finding practical and costefficient solutions to their most important benefits challenges, including qualified plans, health and welfare benefits, 409A, actuarial issues, agency relations (PBGC, IRS, and DOL), and ERISA litigation. Our executive compensation experts will guide you every step of the way, so you can easily take advantage of every IRS-sanctioned option to accomplish your business goals.

Employee Benefit Plan Tax Services

Designing the right benefit plan for your employees is a complex task. There are many issues to consider, including tax and legal aspects, funding, and finding the right vendors or administrators. We presently offer the following employee benefit tax advisory services:

  • Design and Implementation of:
    • Tax-Qualified Profit Sharing, 401(k), and 403(b) Plans
    • Tax-Qualified Defined Benefit Plans, Including Cash Balance Plans
    • Non Tax-Qualified Deferred Compensation Plans for Select Group of Management Employees and/or Directors
    • Welfare Benefit Plans (Health, Disability, Life Insurance, Dependent Care)
  • Day-to-Day Plan Administration Matters, Including Reporting and Disclosure Requirements under ERISA and the IRC
  • Requirements of the Affordable Care Act for Group Health Plans
  • Correction of Plan Tax Qualification and Operational Failures, Including the Preparation and Filing of the following Government Forms Seeking Approval of Proposed Correction of Such Failures by Appropriate Government Agency:
    • Voluntary Correction Program (“VCP”) Filings With the IRS
    • Voluntary Fiduciary Correction Program (“VFCP”) Filings With the DOL
    • Delinquent Filer Voluntary Compliance Program (“DFVCP”) Filings With the DOL (Reporting Late Filings of Forms 5500)
  • Procedures Necessary to Terminate Various Employee Benefit Plans
  • Preparation of Forms 5500 and Summary Annual Reports for Tax-Qualified Pension Benefit Plans and Large (100 or More Participants) Employee Welfare Benefit Plans

The information provided herein is not a substitute for expert legal, tax, or other professional advice tailored to your specific circumstances, and may not be relied upon for the purposes of avoiding any penalties that may be imposed under the Internal Revenue Code or other federal or state laws or regulations.

For More Information, Contact Us

Don Hughes, J.D., LL.M

Don Hughes, J.D., LL.M.
Senior Manager
301.917.6200
dhughes@
ecohencpas.com

Doug Trueheart, CPA
Principal
301.917.6200
dtrueheart@
ecohencpas.com