Los Angeles Employee Benefits Attorneys

Navigating the complexities of employee benefits and fiduciary compliance can be a daunting challenge for businesses. The pressure to remain compliant with regulations while managing employee benefit plans effectively can significantly impact your company’s operations and financial health. The our Los Angeles employee benefits attorneys at Miller Shah provide comprehensive legal support to support compliance and protect your organization against potential pitfalls. 

Understanding Employee Benefits and Fiduciary Compliance

Employee benefit plans are meaningful additional compensation, offering financial security and health coverage for your employees. However, maintaining these plans involves intricate and sometimes confusing responsibilities. Compliance with regulations such as the Employee Retirement Income Security Act of 1974 (ERISA) and the Internal Revenue Code (IRC) requires ongoing diligence. For employers who also serve as fiduciaries, failure to meet these responsibilities can result in costly litigation, financial penalties, or even personal liability. Ensuring proper management, fee structures and documentation is essential for mitigating risks. 

The Potential Impacts of Non-Compliance

Mismanagement of or non-compliance with fiduciary responsibilities can have severe repercussions. These may include lawsuits from plan participants, investigations by the U.S. Department of Labor, and reputational damage to your business. For example, disputes over 401(k) plan fees or denied claims on disability or health insurance plans can escalate into high-stakes legal battles, often resulting in substantial financial losses. 

Moreover, while legal or financial troubles may jeopardize the stability of your business, the health of your employee benefit plans directly impacts employee satisfaction and retention. Ensuring compliance and proper oversight is not just a regulatory requirement, it’s also a strategic necessity for maintaining employee trust and building long-term success. 

How Los Angeles Employee Benefits Attorneys Can Help

Having a dedicated legal partner focused on employee benefits and fiduciary compliance can prevent costly mistakes and ensure the proper management of your employer obligations. The Los Angeles attorneys at Miller Shah can guide you through every aspect of compliance, including avoiding prohibited transactions, establishing sound plan structures, and reviewing fee arrangements. 

• Comprehensive Legal Counsel: From 401(k), 403(b), Taft-Hartley,  and other defined benefit and defined contribution plans, we analyze your needs and provide tailored strategies. 
• Litigation Representation: Our team has successfully managed high-stakes ERISA cases, including fee disputes and contribution delays, recovering favorable settlements for our clients. 
• Proactive Risk Management: By conducting audits and establishing clear protocols, we work on preventing compliance issues before they arise. 
• Collaboration with Authorities: Our experience working with agencies such as the Department of Labor and Department of Justice enables us to handle complex regulatory matters with ease. 

Miller Shah’s Dedication to You

Miller Shah has earned a reputation for reliability and excellence in handling employee benefits and fiduciary compliance cases. With years of dedicated legal service and millions of dollars recovered, we continuously commit to advocating for our clients’ interests. We employ a collaborative approach that prioritizes transparency and efficiency. You can count on us to clarify your responsibilities, minimize risks, and help you achieve compliance with confidence. 

Take Control of Your Fiduciary Responsibilities Today 

Don’t leave your employee benefit plans and fiduciary duties to chance. Secure your business’s future and protect your employees’ interests with the trusted guidance of Miller Shah’s experienced team. Contact us today to schedule a consultation with our Los Angeles employee benefits attorneys.