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Benefits and Compensation Pitfalls for Closely Held Businesses: Health Insurance, 401(k) Plans and More

Identifying and Overcoming Compliance and Administrative Issues

Recording of a 90-minute premium CLE webinar with Q&A

This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

Conducted on Tuesday, January 22, 2019

Recorded event now available

or call 1-800-926-7926

This CLE course will guide benefits counsel, advisers, and plan administrators on methods to avoid benefits and compensation pitfalls for closely held businesses. The panel will discuss the compliance and administrative challenges in offering and providing health insurance, 401(k) plans, fringe benefits, etc., and other issues faced by closely held businesses and best practices to avoid them.


Employee benefits and compensation matters can be challenging for closely held and family-owned companies. In designing and implementing benefits and compensation arrangements, closely held and family-owned businesses must be aware of the pitfalls and available opportunities to ensure compliance with applicable guidance.

Providing benefits and certain compensation arrangements involves some vital procedural and compliance steps which could lead to unintended liability if not carefully administered. An in-depth understanding of federal and state regulations and administrative procedures in providing health insurance, adopting 401(k) plans, and offering other incentives are essential for a closely held business to avoid any costly missteps.

Listen as our panel provides practical guidance in avoiding pitfalls of benefits and compensation arrangements for closely held businesses and best practices and planning techniques to ensure compliance.



  1. Federal and state regulations impacting benefits and compensation in closely held businesses
  2. Ensuring compliance in providing health insurance
  3. 401(k) plans for the family-owned and closely held business
  4. Fringe benefits and perks
  5. Administrative obstacles and how to avoid them
  6. Best practices and planning techniques in implementing benefits and compensation arrangements


The panel will review these and other key concepts:

  • How can obstacles be avoided in providing health insurance for family-owned companies?
  • What are the compliance and administrative issues in adopting 401(k) plans for the closely held business?
  • What are the best practices and available planning techniques to ensure compliance for benefits and compensation arrangements for family-owned and closely held businesses?


Byrnes, Carrie
Carrie E. Byrnes

Michael Best & Friedrich

Ms. Byrnes concentrates her practice in employee benefits and executive compensation law. She assists employers and...  |  Read More

Faust, Jason
Jason P. Faust

Michael Best & Friedrich

Clients rely on Mr. Faust for strategic counsel regarding a broad range of employee benefits and executive compensation...  |  Read More

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