Betsy Olson advises plan sponsors on the design and operation of their qualified retirement plans, health and welfare plans, and other benefit plans, programs, and agreements. She provides practical advice to plan sponsors to assist in strategic benefits planning and ongoing compliance with the complex statutory rules and regulations that apply to these benefits, including the Employee Retirement Income Security Act of 1974 (ERISA)the Internal Revenue Code. Betsy has experience drafting and negotiating service provider contracts, preparing government filings, resolving pension and health plan claims, correcting retirement plan qualification and operational failures under the Internal Revenue Service (IRS) correction program, and responding to IRS inquiries and penalty assessments based on Affordable Care Act (ACA) reporting. She also assists with U.S. Department of Labor and Pension Benefit Guaranty Corporation audits and inquiries and reviews and drafts plan documents, amendments, summary plan descriptions and employee communications.