ERISA Compliance, Plan Administration, Benefit Claims, and M&A Services

Home Services ERISA Compliance, Plan Administration, Benefit Claims, and M&A Services

Counsel plan sponsors, plan administrators, and service providers on their ERISA fiduciary duties related to employee benefit programs in Puerto Rico.
Draft or revise meeting minutes and resolutions for administrative and investments committees.
Prepare and negotiate EBSA Advisory Opinions regarding the operation of employee benefit plans in Puerto Rico.
Perform ERISA fiduciary compliance audits and prepare manuals on fiduciary duties.
Assist plan administrators and claims administrators with the handling of benefit claims in accordance with Section 503 of ERISA.
Assist plan sponsors with service provider engagements (e.g., drafting and processing requests for proposals (RFPs) and requests for information (RFIs), compiling and analyzing RFP/RFI responses, and negotiating service agreements).
Counsel plan sponsors on the evaluation and implementation of cost-reduction and risk-management initiatives for local benefits (e.g., cybersecurity measures by local trustees and other service providers).
Prepare Spanish translations of SPDs, SMMs, EOBs, enrollment forms, and other employee communications.
Perform benefits and compensation due diligence for corporate transactions (M&As” involving companies with operations in Puerto Rico, and assist them with post-M&A benefits integration and/or termination.
Provide legal support to companies with Puerto Rico operations on the benefits and compensation aspects of reductions in workforce (RFIs).