In the 1950s, Sachs Waldman was one of the first law firms to establish a significant practice representing multiemployer fringe benefit funds, a practice which continues to grow. Sachs Waldman's representation of collectively bargained employee benefit funds grew out of the firm's long-term union representation, well prior to the passage of ERISA in 1974. The employee benefits practice is a continuation of the firm's commitment to promoting the welfare of working people that goes back almost a century.
The firm's reputation for intellectual rigor, the highest ethical standards, and vigorous representation of the interests of working families is unsurpassed. Sachs Waldman has been repeatedly recognized in the U.S. News and World Report's list of Best Law Firms, which listed the firm as a Tier 1 Detroit firm for employee benefits (ERISA) law (as well as for other practice areas).
Sachs Waldman provides a full range of legal services to our multiemployer fringe benefit fund clients, including plan design and drafting, document and application drafting, negotiation and preparation of service provider contracts, pension requalification and tax exempt services, review and supervision of governmental filings, regulatory compliance, preparation/editing of meeting minutes, reciprocity matters, delinquent contribution collection, employer withdrawal liability assessment and collection, and advice and counsel concerning all individual participant matters including benefit denials and appeals, benefit litigation, determination of QDRO status, IRS levies, garnishments, subpoenas for information, powers of attorney, subrogation, conservator/guardian matters, and suspension of benefits matters. Some of our fund clients, particularly self-administered clients, are also employers (by virtue of their engagement of fund employees) and/or owners of property on which fund buildings are located. We advise them with respect to those matters as well.
Rather than expend client resources extricating our clients from legal trouble, this firm's focus has always been to help our clients avoid legal trouble. A large part of ERISA is about process -- commonly called due diligence. Making sure that the right process and procedures are in place and followed when contracts are prepared, when investments are made, when Plan documents are drafted, when service providers are engaged, when participant claims and appeals are handled, and when decisions are made, is better than the best insurance that money can buy -- and far less expensive.