The Trucker Huss multiemployer, Taft-Hartley plan practice serves a wide range of clients. We have the distinction of being counsel to the world’s largest multiemployer pension plan as well as counsel to small, single-state and single-employer plans.
Representing the Board of Trustees is our primary service for multiemployer plans. We are not an adjunct to a labor law practice and we do not engage in collective bargaining. The advice we provide Boards of Trustees, and their administrative staff and related professional advisors, is based on years of experience working specifically with these types of arrangements. We focus on providing our clients with practical solutions to the problems these plans encounter. Legal advice may be only a part of these solutions.
As free-standing business enterprises, these plans offer unique situations and require an understanding of the business and real-world environment in which Boards of Trustees operate. The Firm’s activities include:
- Designing, drafting and implementing plans
- Interfacing with the IRS and DOL
- Facilitating employer withdrawal liability issues
- Advising on employee relations issues with the trust fund staff
- Addressing a wide range of investment and fiduciary issues
- Assisting the Board of Trustees with policy development and implementation
- Conducting “shuttle diplomacy” between union and management
- Working cooperatively with third party administrators and other plan providers on actuarial issues, administration, data processing and investment matters
Our success with multiemployer and Taft-Hartley plans comes from our many years of experience seeing and confronting the unique situations that these plans face.
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- Improper Delegation of Authority Could Cost a Plan its Deferential Standard of Review
GISUE MEHDI and MARY E. POWELL, December, 2018 The Employee Retirement Income Security Act (ERISA) gives participants and beneficiaries the right to have plan benefit denials reviewed in federal court. The court reviews a plan claims administrator’s benefit denial decision as “de novo” (looking at the facts anew and reaching its own decision, with no […]READ MORE
- 2019 Pension Plan Limitation Highlights
SHANNON OLIVER, December, 2018 On November 1, 2018, the Internal Revenue Service issued Notice 2018-83, containing the cost-of-living adjustments related to retirement plan limitations under the Internal Revenue Code (the “Code”). These changes will take effect on January 1, 2019. Below are some of the highlights. Limitations That Have Increased The limitation on the annual […]READ MORE
- IRS Issues Initial Code Section 83(i) Guidance – Mostly Good News
J. MARC FOSSE, December 10, 2018 The IRS has provided initial guidance in Notice 2018-97 (the “Notice”) about certain statutory requirements for private corporations granting options and restricted stock units (RSUs) which they intend to treat as qualified equity grants under section 83(i) of the Internal Revenue Code (the “Code”). If an option or RSU […]READ MORE