Tribal sovereignty is under attack. The Pension Protection Act of 2006 (the Act) establishes rules to treat certain benefit plans of Native American tribes and enterprises as being subject to the Employee Retirement Income Security Act, or ERISA. Unfortunately, your tribal sovereignty may be at risk if your retirement plan becomes subject to ERISA, or you don’t comply with the provisions of the Act.
Tribal casinos and governments compete to attract and retain talented employees, many of whom are looking for an attractive retirement plan. In order for you to stay competitive, a robust retirement plan is a critical part of your compensation package.
Solving The Problem
Native American Tribes and their leaders must consider how to craft and implement an effective and competitive retirement plan, as well as identify problems in existing plans and correct them. Plan documents should clearly define the Tribe’s sovereign nature and segregate governmental employees from those involved in commercial endeavors.
How We Can Help
Our team of specialists has served Native American tribes for decades, and has a deep respect for your culture and the intricacies of your Tribal government. We have extensive experience in evaluating investment options and retirement plan strategies and are trusted advisors to many Tribes and their enterprises. We know the laws and regulations that may affect your plan and will keep you abreast of any pitfalls in the road ahead. Let us show you the advantages of a retirement plan that is customized to your specific needs.