Mazursky Constantine is proud of the successes we help our clients achieve every day. Our vast experience, coupled with our commitment to find practical business solutions, is one of the characteristics that set us apart and that has resulted in so many successes for our clients.
A small sampling of our many success stories is described below. We are happy to provide and/or discuss others with you.
Affordable Care Act Compliance
With the Patient Protection and Affordable Care Act (“ACA”) initially set to be effective for employers as of January 1, 2014, we assisted many of our clients with compliance. With the inclusion of (i) a highly flexible workforce, (ii) numerous employee classification challenges, and (iii) several hundred thousand U.S. employees in one of our client’s businesses, complying with ACA in a manner that prevents significant penalties and is actually affordable for the company has been a greater challenge than for many other businesses. In fact, more than $200 million of benefit expenses and penalties for the company were involved with the company’s ACA decisions. Click here to read more.
Partial Freeze of Benefit Pension Plan
A Fortune 500 company inquired of us as to the advantages and disadvantages of a partial freeze of its defined benefit pension plan (“Pension Plan”) and a curtailment of its retiree medical plan, and asked us to prepare a detailed analysis of these options for submission to the Chief Executive Officer. Click here to read more.
Integrating Acquired Company Benefits Plans
A large public company client acquired the stock of another Fortune 500 company, which was more than twice the size of our client. As a result of the acquisition, our client added more than 16,000 employees, a 150% increase in its total employees, and assumed sponsorship of two large defined benefit plans and five defined contribution plans. Click to read more.