Employee Benefits, Pension Plans, and Profit Sharing / ERISA
In many instances, an IRS approved retirement plan is the single best tax shelter available to business owners and is a major source of financial security for the future. In addition, employers are increasingly expected to provide both welfare benefit programs such as health insurance or cafeteria plans, and retirement programs such as 401(k) savings plans, profit sharing plans, or pension plans. Merritt Watson LLP also provides advice and assistance on all matters pertaining to welfare and retirement benefits – including tax and estate planning objectives. Related services involve the preparation and implementation of such welfare benefit and retirement plans, obtaining IRS approval, and working with employers to make these plans operational.
Many companies also desire to offer their executives special deferred compensation arrangements, or other "non-standard" compensation arrangements, and Merritt Watson LLP's utilizes its expertise to minimize the current income tax impact of such arrangements, both to the company and the executive.