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Forms 5500 are the most important informational returns filed on behalf of employee benefits plans, because the content can easily subject the employee benefit arrangement to costly regulatory examination and have evidentiary value in participant disputes. Trest works directly with the plan sponsor and the service providers to obtain the information necessary to prepare the Form 5500 and all of the applicable schedules. We also conduct brief interviews with internal employee benefits professionals to discuss the approach to reporting and to confirm the accuracy of information to be included in the Form 5500 filing. Our professionals assist the appropriate personnel and providers in the completion of detailed worksheets that we prepare in order to elicit the required information. It is important to note, the decision to report certain transactions and other information on Form 5500 may require that a legal conclusion be reached.

Compliance Audits

Trest performs preemptive audits of plan documentation, operation and administration to enable plan sponsors to correct non-compliance prior to a regulatory examination, which allows the avoidance of costly fees and penalties.

Defense of Regulatory Audits

Trest aggressively defends IRS, PBGC and DOL employee benefit plan audits. Our professionals prepare the client for the examination onsite and organize responsive documents, after limiting the scope of the review.

Government Plans

Our employee benefits lawyers and consultants are experienced in counseling Federal, State and local levels of government on the operation and administration of public sector retirement and health and welfare plans.

Corporate Transactions

In corporate transactions, Trest regularly conducts due diligence on the employee benefits arrangements maintained by buyers and sellers to ensure the absence of hidden liabilities and operational failures that jeopardize regulatory compliance and tax status, and negotiates pre-closing and post-closing benefits integration.

Retirement Plan Design

Our professionals assist the client in defining their goals and objectives in offering defined contribution, defined benefit and executive retirement benefits and strategically recommends designs based upon the client’s intentions. Our professionals assist the client in defining their goals and objectives.

Participant Communications

We bring a broad knowledge of best practices to our benefits communications strategy, and ensure that the complexity, tone and presentation is appropriate for the audience. Our team is uniquely qualified to serve as an organization’s resource in preparing these documents.

Fiduciary Advice and Governance

Our talented employee benefits lawyers have decades of experience advising plan fiduciaries on their fiduciary duties and on the avoidance of fiduciary status. We also provide guidance on prohibited transactions, including self-dealing and party-in-interest transactions.

Investments

We regularly negotiate investment management and advisory agreements on behalf of retirement plans, as well as instruments governing alternative investments, including subscription agreements to private placement memorandums.