Employee Benefits for K-12 Education

Building and maintaining effective and compliant employee benefit plans does not have to be complicated or expensive if you have the right advisors. 

Ice Miller has a long history of working with school corporations to design and implement employee benefit programs that meet the unique needs of schools and their employees. Employee benefit plans are an important factor in attracting and retaining qualified teachers and administrators for schools. If not designed and maintained properly, these benefits can also be a significant source of risk for schools. We help schools manage that risk by keeping their employee benefit plans compliant with federal and state rules and regulations
 
We have served as employee benefits counsel for school corporations on matters such as:
  • The design and implemention of 403(b), 401(a), and 457 retirement plans to meet the different needs of teachers, administrators and classified employees, as well as to maintain compliance with IRS rules and regulations. 
  • Identifying and correcting operational errors in retirement plan administration, including filing corrections under the IRS voluntary correction program. 
  • Consultation on early retirement programs, frequently taking advantage of existing retirement plans.
  • Navigation of comprehensive and focused Internal Revenue Service audits of school 403(b), 401(a), and 457 plans.
  • Reviewing and evaluating retirement plan investment structures and negotiating third party vendor contracts for health and retirement plans.
  • Assisting with designing effective and compliant wellness programs, including on-site health clinics.
Our lawyers regularly speak on current employee benefit topics at events sponsored by the Indiana Association of Public School Superintendents, Indiana Association of School Business Officials and the Indiana School Boards Association. We also frequently update our school clients on legal developments in areas of particular interest to schools through e-alerts and webinars. 

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