Summary: Our employee benefits team provides comprehensive ongoing counsel to a governmental entity operating a full-service hospital and various healthcare facilities in Chesapeake, Virginia. We advise on the full scope of employee benefits matters for several thousand employees, including complex governmental retirement plans, multiple 401(k) plans, and all welfare plan matters.
The Challenge: Our client required comprehensive employee benefits counsel across a uniquely complex organizational structure combining governmental authority status with private-sector subsidiaries and joint ventures. The engagement demanded expertise in both governmental and private-sector retirement plan regulations, including tax-qualified governmental 401(a), 457(b), and pension plans alongside traditional 401(k) structures. With several thousand employees across multiple healthcare facilities, the client needed sophisticated counsel to manage diverse benefit programs, executive compensation arrangements, self-insured medical plan structures, and vendor relationships while ensuring compliance across both public and private sector regulatory frameworks.
Our Strategy: We assembled a dedicated employee benefits team with specialized expertise in both governmental and private-sector benefit plan requirements. Our approach focused on providing comprehensive counsel across all benefit programs, from governmental retirement plans to welfare benefits. We managed the merger of multiple 401(k) plans to streamline administration, designed and drafted customized plan provisions for the Authority's 401(a) and 457(b) plans, and structured executive compensation arrangements appropriate for the governmental healthcare environment. We developed self-insured medical plan structures tailored to the organization's needs and negotiated favorable vendor agreements to optimize service delivery and cost management.
The Result: We successfully established a comprehensive, ongoing employee benefits counsel relationship supporting several thousand employees across a complex governmental healthcare system. Our integrated approach ensures optimal compliance across both governmental and private-sector benefit programs while supporting the organization's mission to deliver quality healthcare services. The merger of multiple 401(k) plans improved administrative efficiency, while our customized plan design work and vendor negotiations enhanced benefits delivery and cost effectiveness. The relationship demonstrates our ability to serve as trusted ongoing counsel for major governmental healthcare organizations with unique regulatory requirements spanning public and private sector employee benefits regulations.
