Fiduciaries serve a vital role with regard to ERISA-governed employee benefit plans, providing administration, oversight of plan investments, selection of service providers, and handling benefit appeals, among other things. The Employee Benefits Group routinely helps fiduciaries identify and adopt “best practices” from within the employee benefits community. While plan fiduciaries seek to perform at the highest standards, at a minimum they must keep their employee benefit plans in compliance with legal requirements imposed by ERISA, Department of Labor regulations, the Internal Revenue Code, Treasury Regulations, and the ever-growing body of regulatory and judicial interpretations of the law. The Employee Benefits Group can help you focus on putting into place the procedural safeguards, organizational structures, and critical analytical processes that will help ensure compliance. Toward that end, our attorneys act as legal counsel to numerous 401(k) and pension administrative and investment committees. With our focus on process-driven due diligence, we help our clients avoid the missteps that can result in fiduciary liability. The age-old axiom holds true in the area of employee benefit plan compliance: An ounce of prevention is worth a pound of cure. In the event you are facing an audit, you can rely on our extensive experience in dealing with the Internal Revenue Service and Department of Labor, as well as other regulatory and administrative bodies.