{"id":2915,"date":"2026-01-16T00:26:37","date_gmt":"2026-01-16T00:26:37","guid":{"rendered":"https:\/\/fincmo.com\/hbl_staging\/?page_id=2915"},"modified":"2026-01-30T01:00:24","modified_gmt":"2026-01-30T01:00:24","slug":"averting-10-million-in-retirement-plan-fines","status":"publish","type":"page","link":"https:\/\/fincmo.com\/hbl_staging\/case-studies\/averting-10-million-in-retirement-plan-fines\/","title":{"rendered":"Averting $10 Million in Retirement Plan Fines"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"2915\" class=\"elementor elementor-2915\" data-elementor-post-type=\"page\">\n\t\t\t\t<div class=\"elementor-element elementor-element-b798311 e-flex e-con-boxed e-con e-parent\" data-id=\"b798311\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-37ca12b e-con-full e-flex e-con e-child\" data-id=\"37ca12b\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-c7ccd08 e-con-full e-flex e-con e-child\" data-id=\"c7ccd08\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-c2503c6 elementor-widget elementor-widget-elementskit-heading\" data-id=\"c2503c6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"elementskit-heading.default\">\n\t\t\t\t\t<div class=\"ekit-wid-con\" ><div class=\"ekit-heading elementskit-section-title-wraper text_left   ekit_heading_tablet-   ekit_heading_mobile-\"><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-d09399a e-con-full e-flex e-con e-child\" data-id=\"d09399a\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-419648a elementor-widget elementor-widget-text-editor\" data-id=\"419648a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<div class=\"flex flex-col text-sm pb-25\"><article class=\"text-token-text-primary w-full focus:outline-none [--shadow-height:45px] has-data-writing-block:pointer-events-none has-data-writing-block:-mt-(--shadow-height) has-data-writing-block:pt-(--shadow-height) [&amp;:has([data-writing-block])&gt;*]:pointer-events-auto scroll-mt-[calc(var(--header-height)+min(200px,max(70px,20svh)))]\" dir=\"auto\" tabindex=\"-1\" data-turn-id=\"request-WEB:52f53bfc-5e94-4a1f-87f1-107dc8263ea2-4\" data-testid=\"conversation-turn-10\" data-scroll-anchor=\"true\" data-turn=\"assistant\"><div class=\"text-base my-auto mx-auto pb-10 [--thread-content-margin:--spacing(4)] @w-sm\/main:[--thread-content-margin:--spacing(6)] @w-lg\/main:[--thread-content-margin:--spacing(16)] px-(--thread-content-margin)\"><div class=\"[--thread-content-max-width:40rem] @w-lg\/main:[--thread-content-max-width:48rem] mx-auto max-w-(--thread-content-max-width) flex-1 group\/turn-messages focus-visible:outline-hidden relative flex w-full min-w-0 flex-col agent-turn\" tabindex=\"-1\"><div class=\"flex max-w-full flex-col grow\"><div class=\"min-h-8 text-message relative flex w-full flex-col items-end gap-2 text-start break-words whitespace-normal [.text-message+&amp;]:mt-1\" dir=\"auto\" data-message-author-role=\"assistant\" data-message-id=\"30f40224-a9c2-4fdd-af78-a9e7d12c4db2\" data-message-model-slug=\"gpt-5-2\"><div class=\"flex w-full flex-col gap-1 empty:hidden first:pt-[1px]\"><div class=\"markdown prose dark:prose-invert w-full break-words dark markdown-new-styling\"><p data-start=\"43\" data-end=\"242\" data-is-last-node=\"\" data-is-only-node=\"\">This case study explores a novel voluntary correction strategy that resolved multi-year compliance errors for a regional airline, settling for $53,700 and averting over $10 million in potential IRS and DOL penalties.<\/p><\/div><\/div><\/div><\/div><\/div><\/div><\/article><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-d6ade48 e-con-full e-flex e-con e-child\" data-id=\"d6ade48\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-bd3d625 elementor-widget elementor-widget-elementskit-heading\" data-id=\"bd3d625\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"elementskit-heading.default\">\n\t\t\t\t\t<div class=\"ekit-wid-con\" ><div class=\"ekit-heading elementskit-section-title-wraper text_left   ekit_heading_tablet-   ekit_heading_mobile-\"><a href=\"\/\"><div class=\"ekit-heading--title elementskit-section-title \">Home<\/div><\/a><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3be228a elementor-widget elementor-widget-elementskit-heading\" data-id=\"3be228a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"elementskit-heading.default\">\n\t\t\t\t\t<div class=\"ekit-wid-con\" ><div class=\"ekit-heading elementskit-section-title-wraper text_left   ekit_heading_tablet-   ekit_heading_mobile-\"><div class=\"ekit-heading--title elementskit-section-title \">\/<\/div><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5014b7a elementor-widget elementor-widget-elementskit-heading\" data-id=\"5014b7a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"elementskit-heading.default\">\n\t\t\t\t\t<div class=\"ekit-wid-con\" ><div class=\"ekit-heading elementskit-section-title-wraper text_left   ekit_heading_tablet-   ekit_heading_mobile-\"><div class=\"ekit-heading--title elementskit-section-title \">Averting $10 Million in Retirement Plan Fines<\/div><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-e83e2b2 e-flex e-con-boxed e-con e-parent\" data-id=\"e83e2b2\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-6e18d6d e-con-full e-flex e-con e-child\" data-id=\"6e18d6d\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-9995903 e-con-full e-flex e-con e-child\" data-id=\"9995903\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-0ac9f0a elementor-widget elementor-widget-heading\" data-id=\"0ac9f0a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Averting $10 Million in Retirement Plan Fines<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2bf5d51 elementor-widget elementor-widget-heading\" data-id=\"2bf5d51\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\">Client: Regional Airline<\/h6>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-63a3476 elementor-widget elementor-widget-text-editor\" data-id=\"63a3476\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Regional Airline, a U.S.-based carrier, discovered multi-year compliance errors in its retirement plan, exposing it to over $10 million in IRS and DOL penalties. Issues included failure to adopt initial plan documents, untimely amendments for legislative changes (e.g., USERRA, SBJPA, TRA, RRA, and CRTRA), failing the Average Deferral Percentage (ADP) test for 2019-2020, and improper employee exclusions favoring highly compensated individuals. Hall Benefits Law (HBL) devised a novel correction strategy outside the standard Employee Plans Compliance Resolution System (EPCRS), leading to a Voluntary Closing Agreement Program settlement of $53,700\u2014the first of its kind\u2014preserving the plan&#8217;s tax status and avoiding massive fines.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-4c222f9 e-con-full e-flex e-con e-child\" data-id=\"4c222f9\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-fbe0457 elementor-align-justify download-case-study elementor-widget elementor-widget-button\" data-id=\"fbe0457\" data-element_type=\"widget\" data-e-type=\"widget\" data-page-id=\"{{post_id}}\" data-widget_type=\"button.default\">\n\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"#elementor-action%3Aaction%3Dpopup%3Aopen%26settings%3DeyJpZCI6IjMxOTgiLCJ0b2dnbGUiOmZhbHNlfQ%3D%3D\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Download The Case Study<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-eecb42b elementor-widget elementor-widget-image\" data-id=\"eecb42b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"1172\" height=\"753\" src=\"https:\/\/fincmo.com\/hbl_staging\/wp-content\/uploads\/2026\/01\/Screenshot-2026-01-20-013537.png\" class=\"attachment-full size-full wp-image-3030\" alt=\"\" srcset=\"https:\/\/fincmo.com\/hbl_staging\/wp-content\/uploads\/2026\/01\/Screenshot-2026-01-20-013537.png 1172w, https:\/\/fincmo.com\/hbl_staging\/wp-content\/uploads\/2026\/01\/Screenshot-2026-01-20-013537-300x193.png 300w, https:\/\/fincmo.com\/hbl_staging\/wp-content\/uploads\/2026\/01\/Screenshot-2026-01-20-013537-1024x658.png 1024w, https:\/\/fincmo.com\/hbl_staging\/wp-content\/uploads\/2026\/01\/Screenshot-2026-01-20-013537-768x493.png 768w\" sizes=\"(max-width: 1172px) 100vw, 1172px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-d1bf882 e-flex e-con-boxed e-con e-parent\" data-id=\"d1bf882\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-393d7e3 e-con-full e-flex e-con e-child\" data-id=\"393d7e3\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-42cd6b5 e-con-full e-flex e-con e-child\" data-id=\"42cd6b5\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-95e59fd elementor-widget elementor-widget-heading\" data-id=\"95e59fd\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">THE CHALLENGE<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e29316c elementor-widget elementor-widget-text-editor\" data-id=\"e29316c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">The retirement plan&#8217;s operational failures risked disqualification, triggering excise taxes, penalties, and loss of tax advantages for participants. With discrimination issues benefiting highly compensated employees, standard EPCRS corrections were inadequate, potentially leading to $10 million in sanctions and forcing corrective distributions without a clear path to compliance.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-aa34d6a e-con-full e-flex e-con e-child\" data-id=\"aa34d6a\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-b28ce56 elementor-widget elementor-widget-heading\" data-id=\"b28ce56\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">THE TURNING POINT\n<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0e0614e elementor-widget elementor-widget-text-editor\" data-id=\"0e0614e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Upon identifying the errors, Regional Airline needed innovative ERISA expertise to craft a bespoke resolution that addressed all issues while minimizing costs. Traditional methods fell short, prompting engagement of HBL to negotiate directly with the IRS for a tailored settlement.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-f861c9e e-con-full e-flex e-con e-child\" data-id=\"f861c9e\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1b80f33 elementor-widget elementor-widget-heading\" data-id=\"1b80f33\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">THE SOLUTION<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2c0b3c5 elementor-widget elementor-widget-text-editor\" data-id=\"2c0b3c5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">HBL partner Anne Tyler Hall reviewed the plan and proposed a custom correction program generating immediate IRS tax revenue through distributions to highly compensated employees and related taxes. This approach resolved compliance and discrimination flaws. After multiple IRS meetings and negotiations, HBL secured agreement on sanctions, distributions, and taxes, while establishing a compliant new plan.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-240b787 e-flex e-con-boxed e-con e-parent\" data-id=\"240b787\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-0b0f858 e-con-full e-flex e-con e-child\" data-id=\"0b0f858\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-401510d elementor-widget__width-inherit elementor-widget elementor-widget-elementskit-heading\" data-id=\"401510d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"elementskit-heading.default\">\n\t\t\t\t\t<div class=\"ekit-wid-con\" ><div class=\"ekit-heading elementskit-section-title-wraper text_center   ekit_heading_tablet-   ekit_heading_mobile-\"><h3 class=\"elementskit-section-subtitle  \">\n\t\t\t\t\t\tOur Results\n\t\t\t\t\t<\/h3><div class=\"ekit-heading--title elementskit-section-title \">$10MM in Penalties Averted<\/div><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-f78a737 e-con-full e-flex e-con e-child\" data-id=\"f78a737\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t<div class=\"elementor-element elementor-element-89689a7 e-con-full e-flex e-con e-child\" data-id=\"89689a7\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-d908a2f e-con-full e-flex e-con e-child\" data-id=\"d908a2f\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-7c4dcfd e-con-full e-flex e-con e-child\" data-id=\"7c4dcfd\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-b0a0822 elementor-widget elementor-widget-elementskit-heading\" data-id=\"b0a0822\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"elementskit-heading.default\">\n\t\t\t\t\t<div class=\"ekit-wid-con\" ><div class=\"ekit-heading elementskit-section-title-wraper text_left   ekit_heading_tablet-   ekit_heading_mobile-\"><h3 class=\"elementskit-section-subtitle  \">\n\t\t\t\t\t\t$10MM Avoidance\n\t\t\t\t\t<\/h3>\t\t\t\t<div class='ekit-heading__description'>\n\t\t\t\t\t<p><span style=\"font-weight: 400\">Mitigated over $10 million in IRS and DOL penalties through a $53,700 settlement, including $10,000 in sanctions and $43,700 in taxes.<\/span><\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-690492c elementor-widget elementor-widget-elementskit-heading\" data-id=\"690492c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"elementskit-heading.default\">\n\t\t\t\t\t<div class=\"ekit-wid-con\" ><div class=\"ekit-heading elementskit-section-title-wraper text_left   ekit_heading_tablet-   ekit_heading_mobile-\"><h3 class=\"elementskit-section-subtitle  \">\n\t\t\t\t\t\tTax Status Preserved\n\t\t\t\t\t<\/h3>\t\t\t\t<div class='ekit-heading__description'>\n\t\t\t\t\t<p><span style=\"font-weight: 400\">Maintained the plan's tax-advantaged status for non-highly compensated participants, avoiding disqualification.\u00a0<\/span><\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-68aa307 elementor-widget elementor-widget-elementskit-heading\" data-id=\"68aa307\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"elementskit-heading.default\">\n\t\t\t\t\t<div class=\"ekit-wid-con\" ><div class=\"ekit-heading elementskit-section-title-wraper text_left   ekit_heading_tablet-   ekit_heading_mobile-\"><h3 class=\"elementskit-section-subtitle  \">\n\t\t\t\t\t\tFirst-of-Its-Kind Settlement\n\t\t\t\t\t<\/h3>\t\t\t\t<div class='ekit-heading__description'>\n\t\t\t\t\t<p><span style=\"font-weight: 400\">Pioneered a Voluntary Closing Agreement outside EPCRS, setting a precedent for complex retirement plan corrections.<\/span><\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0d553fc elementor-widget elementor-widget-elementskit-heading\" data-id=\"0d553fc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"elementskit-heading.default\">\n\t\t\t\t\t<div class=\"ekit-wid-con\" ><div class=\"ekit-heading elementskit-section-title-wraper text_left   ekit_heading_tablet-   ekit_heading_mobile-\"><h3 class=\"elementskit-section-subtitle  \">\n\t\t\t\t\t\tClean Plan Implementation\n\t\t\t\t\t<\/h3>\t\t\t\t<div class='ekit-heading__description'>\n\t\t\t\t\t<p><span style=\"font-weight: 400\">Enabled Regional Airline to institute a fully compliant retirement plan moving forward, completed in Summer 2024.<\/span><\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-c5b0c15 e-con-full e-flex e-con e-child\" data-id=\"c5b0c15\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-7877e07 e-flex e-con-boxed e-con e-parent\" data-id=\"7877e07\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-319e2a5 e-con-full e-flex e-con e-child\" data-id=\"319e2a5\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-9dec31a e-con-full e-flex e-con e-child\" data-id=\"9dec31a\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-2e08270 elementor-widget elementor-widget-heading\" data-id=\"2e08270\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">WHY IT MATTERS<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0e9feb7 elementor-widget elementor-widget-text-editor\" data-id=\"0e9feb7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Retirement plan errors can accumulate into existential threats for employers, but creative, outside-the-box strategies can salvage them. This case exemplifies how specialized negotiation with regulators can resolve entrenched compliance issues, protect employee benefits, and prevent financial ruin, emphasizing proactive audits and expert intervention in ERISA matters.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-2714620 e-con-full e-flex e-con e-child\" data-id=\"2714620\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-e188659 elementor-widget elementor-widget-heading\" data-id=\"e188659\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">ABOUT HBL\n<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c970d41 elementor-widget elementor-widget-text-editor\" data-id=\"c970d41\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Hall Benefits Law (HBL) is a boutique ERISA and employee benefits law firm helping employers design and defend retirement and health plans. With offices nationwide, HBL advises on M&amp;A benefits, ESOPs, executive compensation, and compliance, and drives savings and transparency through TPA and PBM negotiations. Firm clients have realized over $400MM+ in penalty abatements and multimillion-dollar annual plan savings.\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>This case study explores a novel voluntary correction strategy that resolved multi-year compliance errors for a regional airline, settling for $53,700 and averting over $10 million in potential IRS and DOL penalties. Home \/ Averting $10 Million in Retirement Plan Fines Client: Regional Airline Regional Airline, a U.S.-based carrier, discovered multi-year compliance errors in its [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1951,"parent":1311,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-2915","page","type-page","status-publish","has-post-thumbnail","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/fincmo.com\/hbl_staging\/wp-json\/wp\/v2\/pages\/2915","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fincmo.com\/hbl_staging\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/fincmo.com\/hbl_staging\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/fincmo.com\/hbl_staging\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/fincmo.com\/hbl_staging\/wp-json\/wp\/v2\/comments?post=2915"}],"version-history":[{"count":28,"href":"https:\/\/fincmo.com\/hbl_staging\/wp-json\/wp\/v2\/pages\/2915\/revisions"}],"predecessor-version":[{"id":3208,"href":"https:\/\/fincmo.com\/hbl_staging\/wp-json\/wp\/v2\/pages\/2915\/revisions\/3208"}],"up":[{"embeddable":true,"href":"https:\/\/fincmo.com\/hbl_staging\/wp-json\/wp\/v2\/pages\/1311"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fincmo.com\/hbl_staging\/wp-json\/wp\/v2\/media\/1951"}],"wp:attachment":[{"href":"https:\/\/fincmo.com\/hbl_staging\/wp-json\/wp\/v2\/media?parent=2915"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}