Plan Liabilities & Pitfalls

Do you know where your plan might go wrong? We can help you monitor your plan and avoid liability.

UB Greensfelder’s attorneys help clients monitor their employee benefits plans, structure transactions, and ensure compliance to avoid potential liability.

Investments & Associated Liabilities

The decision to implement an employee benefit plan brings with it investment decisions. We help clients evaluate the associated fiduciary liabilities that may come along with investing the plan’s assets and help utilize ERISA section 404(c) and other methods to avoid liability.

Fiduciary Issues

The scope of the ERISA fiduciary net and similar state fiduciary laws is broad and complicated. We understand the statutory regulatory and case law foundations and help clients navigate each scenario and associated responsibilities.

Prohibited Transactions

We help clients structure transactions to avoid the potential penalties associated with ERISA’s prohibited transaction rules. When clients encounter prohibited transactions in their plan, we work with them to obtain an individual prohibited transaction ruling or seek to apply class and statutory exemptions to the situation.

Plan Liabilities & Pitfalls

Portrait of Douglas S. Neville
Douglas S. Neville
Partner | Co-Group Leader, Tax
Portrait of Patricia A. Shlonsky
Patricia A. Shlonsky
Partner | Partner-in-Charge, Cleveland