Employee Benefits & ERISA
The employee benefits arena has become an increasingly important area of focus for management teams at companies of all sizes. The design, implementation, and maintenance of a competitive benefits package is critical to a company’s ability to attract and retain top talent in today’s job market. At the same time, providing those benefits is now more costly than ever before. In addition, the human resources issues related to those employee benefits are more sensitive than ever before.
Rising employee expectations and demands in conjunction with expanding, complicated and ever-changing governmental regulation have made employee benefits matters one of the most complex issues that employers face. Very few areas of a business impact as many individuals, yet are as heavily regulated, as employee benefits. Every business faces employee benefits issues, yet few are able to adequately meet these challenges without assistance. Foulston Siefkin has a long commitment to understanding the special business and legal requirements of a diverse group of non-profit and for profit employers. As such, we provide legal advice and services in the employee benefits area to both Fortune 500 and emerging start-up companies in a wide range of industry segments.
At Foulston Siefkin, we focus our practice on working closely with our clients’ human resources staff, in-house counsel, and/or benefits consultants to provide practical, innovative, and business-centered approaches to meeting our clients’ needs. In doing so, we offer a full range of services in the area of employee benefits law with an emphasis placed on achieving the client’s desired tax benefits while at the same time complying with the substantive rules of ERISA, the Internal Revenue Code, and applicable state law. Over the years, the successes of our clients and the long-term relationships we have developed are a testimony to our results-driven approach to the practice of law.
Our employee benefits attorneys have been involved in advising clients on a broad spectrum of matters involving qualified retirement plans, welfare benefits, and executive compensation. We have also provided our clients with specialized expertise in ERISA related litigation matters and business matters that are collateral to the employee benefits arena such as providing advice in mergers and acquisitions, consolidations, divestitures, spin-offs, and other transactional matters.
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Areas of Representation
A key aspect of any company’s benefits package is those items that assist the company in recruiting and retaining good employees. Foulston Siefkin can assist in the design, implementation and maintenance of executive compensation programs including deferred compensation plans, bonus and stock plans, option plans, phantom programs, split-dollar life insurance arrangements, stock purchase plans, rabbi trusts and other compensation arrangements. We also have experience with Section 457 plans.
The Employee Benefits practice with respect to welfare benefit plans involves a broad and diverse range of issues. At Foulston Siefkin, we assist employers, plan administrators, and service providers with the design, implementation and maintenance of various health and welfare benefit programs including flexible benefit (“cafeteria”) plans under Section 125, medical plans, disability plans, life insurance plans, health care flexible spending plans, dependent care flexible spending plans, educational assistance plans, transportation/parking expense plans, severance plans and items for reductions in force situations. We also have considerable experience in assisting our clients in operational issues related to welfare benefit plans such as COBRA health care continuation issues, the tax implications of fringe benefits, the use of funding vehicles for welfare plans, compliance with the Health Insurance Portability and Accountability Act (“HIPAA”), coordination of benefits issues, qualified medical child support orders, compliance with the Mental Health Parity Act, issues, and compliance with the various laws and regulations prohibiting discrimination as they relate to welfare benefits.
Foulston Siefkin has successfully assisted employers and fiduciaries in numerous areas of employee benefits litigation. Our diverse experiences enable us to assist our clients in avoiding litigation and to the extent litigation is unavoidable we assist our clients in minimizing any potential liability or costs.
Bombardier Aerospace Learjet
Capital Federal Financial
Catholic Diocese of Wichita
Exploration Place, Inc.
Hays Medical Center, Inc.
Ingram Industries Inc.
Kansas Orthopedic Center, P.A.
Koch Industries, Inc.
Lodgeworks Payroll, L.L.C.
Martin K. Eby Construction.Co., Inc.
Professional Engineering Consultants PA
Southern Kansas Telephone
Southwestern Public Service Co.
Spirit AeroSystems, Inc.
The Coleman Company
The IMA Financial Group, Inc.
Utility Contractors, Inc.
Via Christi Clinic
Via Christi Health
Wichita Surgical Specialist, P.A.
OFCCP Publishes Final Pay Transparency Regulations for Government Contractors
Ten Things Employers Should Know About the Uniform Summary of Benefits and Coverage (SBC)
Wellness Plans and ERISA (Private Client Event)
DOL Audits of Employee Benefit Plans (Private Client Event)
Employee Benefits: DOMA, Cafeteria Plans, and More (panel discussion) (Kansas SHRM)
Affordable Care Act Implementation Update (Foulston Siefkin LLP)
Tax and Accounting Issues for the Occasional Financial Lawyer (Topeka Bar Association)