Following in the wake of the current trend by insurance companies to convert from mutual companies to stock based companies, Montgomery McCracken’s employee benefits attorneys have assisted domestic and international companies in navigating the maze of Department of Labor and Internal Revenue Service regulations to determine how to exercise their fiduciary responsibility with respect to the millions of dollars they received from the insurance companies for their mutual policies. In every case, Montgomery McCracken’s employee benefits attorneys found a way for the companies to either treat the cash as a company asset or use the cash to offset company obligations for promised employee benefits.