WHO WE ARE WHAT WE DO WHAT'S NEW Withdrawal Liability Read More Patrick F. Kania Read More Douglas K. Knight Read More Kaitlyn S. Lagassey OVERVIEW ERISA contains very complex legal rules when a contributing employer to a multiemployer DB plan “withdraws” from such a plan. In certain instances, such an employer can be subject to “withdrawal liability.” In addition, there are special rules which govern “partial withdrawals” and “free looks” for those employers in the building and construction trade. If there is a withdrawal by a contributing employer for which withdrawal liability can be assessed, it is the duty of the multiemployer DB plan’s trustees to: (i) determine the employer’s portion of the plan’s overall withdrawal liability; (ii) notify the employer of the withdrawal liability amount; and (iii) collect that amount from the employer with ERISA’s time frames. Our attorneys have significant experience in advising trustees in all aspects of withdrawal liability matters. Veteran Supporter click to learn more © Reid and Riege, P.C. Disclaimer | Privacy Policy

WHO WE ARE WHAT WE DO WHAT'S NEW Multiemployer Benefit Plans Read More Patrick F. Kania Read More Douglas K. Knight Read More Kaitlyn S. Lagassey OVERVIEW SERVICES INSIGHTS Since our firm was founded in 1950, the Multiemployer Benefit Plans practice has provided counsel to a significant number of jointly-administered employee benefit funds established under collective bargaining agreements. Our clients include defined benefit (DB) and defined contribution (DC) funds, along with health, supplemental unemployment and apprentice training funds. Our attorneys work with, and advise, the Boards of Trustees of these funds, who are appointed in equal numbers by sponsoring unions and employer associations. We also coordinate with fund staff, professional service providers, and outside vendors. Trustees of these funds devote an enormous amount of time and energy to ensure that their funds comply with a multitude of complex legal rules and are properly administered. In return, the Trustees get no pay or reward of any kind. Indeed, if anything should go wrong, the Trustees themselves may be personally liable. Our experienced and knowledgeable attorneys can address any legal matter promptly and comprehensively. Also, in order to provide our clients with a level of comfort that our legal advice is independent, it is our firm policy not to represent either management or labor in the labor law field, nor do we represent clients in Davis-Bacon Act compliance matters. The attorneys in this practice recognize that sound, independent legal advice is a key attribute as your funds navigate through this heavily regulated field. While we handle all of our clients’ legal needs, we have focused on ten service categories that we normally deal with. Veteran Supporter click to learn more © Reid and Riege, P.C. Disclaimer | Privacy Policy