Employee Benefits & executive compensation
The Hedrick Gardner Employee Benefits & Executive Compensation Practice helps public and private employers with the design, implementation and ongoing compliance issues related to employee benefit plans. We work closely with clients on issues involving all areas of employee benefits law, such as ESOPs, 401(k) plans, pension plans, health plans, disability plans, cafeteria plans, nonqualified deferred compensation, severance arrangements, and executive compensation. We can help create executive compensation arrangements that complement qualified plan benefits for key employees.
Tax Qualified Retirement Plans
We help our clients create plans that address their business goals, while taking advantage of the tax benefits available under the Internal Revenue Code. We provide guidance on plan interpretation and administration, and we help in the amendment of existing plans. In those cases were remedial corrections are necessary, we can guide our clients through IRS and Department of Labor approved procedures for bringing plans into compliance. If a plan termination is necessary, we can assist with time sensitive communication materials and obtain any necessary IRS and Department of Labor approvals.
The Hedrick Gardner Employee Benefits Practice assists clients with:
- 401(k) Plans
- Profit Sharing Plans
- ESOPs
- Pension Plans
- Obtaining IRS Determination Letters
- Correcting Qualified Plan Errors
Welfare Benefit Plans
We provide clients with comprehensive counseling in the design and operation of medical and dental plans, cafeteria, dependent care, medical reimbursement, transportation allowance, group-term life, retiree health, and flexible benefit plans. We assist our clients insure that their health and welfare benefit plans are compliant with ERISA, the Internal Revenue Code, COBRA, HIPAA and USERRA.
The Hedrick Gardner Employee Benefits Practice assists clients with:
- Cafeteria Plan Compliance
- HIPAA Compliance
- Health and Welfare Plans
- Payroll Practices
- Group-Term Life Plans
- Disability Plans
Executive Compensation and Nonqualified Compensation Plans
Hedrick Gardner provides guidance to business executives, public and private companies, private schools, colleges, universities and other non-profit entities in all aspects of executive and nonqualified deferred compensation. We advise our clients in the complex areas of Code Sections 409A and 457(f) and other compliance areas applicable to executive compensation.
Charlotte Office