You have a mission to pursue, and our attorneys can assist you with the host of issues and opportunities unique to your organization’s nonprofit status.
UB Greensfelder’s employee benefits attorneys regularly help tax-exempt organizations with:
- Benefits: We help nonprofit organizations design a custom plan that may assist in recruiting key talent to the organization.
- Compensation: Compensation plans for nonprofit leaders are often quite different from their corporate counterparts. We understand the differences and know how a nonprofit organization and its mission can benefit from having the right leadership and compensation plans in place.
- 403(b) plans: 403(b) plans are designed for certain employees of public schools, employees of certain tax-exempt organizations, and certain ministers. We assist nonprofit clients with establishing and maintaining these tax-sheltered annuities, providing employees with opportunities to invest in their future. We also assist with designing employer-matching features and work with insurance providers to arrive at creative solutions to maximize investments.
- 457 plans: Implementing a 457 deferred compensation plan can be tricky. These plans are designed for certain state and local governments and non-governmental entities exempt from tax under Code § 501. We help clients work with eligible plan (457(b) plans) and ineligible plans (457(f) plans) to ultimately shape a creative and compliant deferred compensation vehicle for employees.
- Church plans: Churches and church-affiliated schools, hospitals, and agencies are unique within the nonprofit world. Our significant experience working with clients in this arena – and the resulting extensive understanding of how church plan rules operate –benefits these clients as they design benefit plans.
We wrote the book on it!
UB Greensfelder Partner Daniel Schwartz has co-authored a BNA portfolio (The Bureau of National Affairs, Inc.) on employee benefits for tax-exempt organizations and an article on Section 457 plans, used by attorneys across the country.
