Retirement benefits are a key component of attracting, retaining, and supporting employees in private education, but they also come with significant legal, tax, and fiduciary responsibilities. LCW partners with private education employers and plan sponsors to navigate the complexities of retirement plan design, administration, and governance. From ensuring compliance with evolving regulations to advising on executive compensation arrangements and fiduciary best practices, we provide practical, strategic guidance that helps organizations manage risk while delivering meaningful retirement benefits.
Retirement plans are legally complex and critically important for employers and plan sponsors. LCW helps organizations navigate the legal, regulatory, and compliance challenges that arise in designing, administering, and maintaining retirement plans so they stay compliant and reduce risk.
457(b) and 457(f) arrangements offer organizations valuable flexibility in attracting, retaining, and rewarding key employees. However, these plans are subject to complex tax rules, deferred compensation regulations, and reporting requirements that require careful structuring and ongoing oversight. LCW advises employers and plan sponsors on the design, implementation, and administration of nonqualified plans to ensure compliance while advancing organizational compensation objectives.
Serving as a fiduciary for a retirement plan carries significant legal and tax-related responsibilities. LCW provides targeted training for trustees, committee members, plan administrators, and leadership on their duties and best practices for plan governance.
