When the sale or purchase of a business, death of the business owner or other changing business needs makes it appropriate to merge, split up or terminate a benefit plan, we are available to coordinate the process and take the appropriate legal steps to implement the change. This involves preparation of plan amendments and restatements, related corporate documents, communications to employees, filings with the IRS and, in certain situations, establishment of a new benefit plan. In the case of a purchase or sale of a business, we are also available to assist general corporate counsel with the employee benefit provisions of the purchase and sale agreement, and to perform related employee benefits due diligence review, including both legal and actuarial analyses.

In the case of a defined benefit plan termination, we provide the actuarial services necessary for making required filings with the Pension Benefit Guaranty Corporation (PBGC), calculation of lump sum actuarial equivalent amounts, and, where applicable, determination of contribution amounts that are necessary to avoid an underfunded plan termination.