Benefits Representative Matters

Counseled numerous clients regarding obligations under new Internal Revenue Code Section 409A deferred compensation plan rules, including restructuring executive compensation and severance arrangements as well as employment agreements to satisfy the complex rules.

Advised clients regarding required and optional changes to qualified plans as a result of the Pension Protection Act of 2006, including significant new funding requirements for defined benefit plans and required and optional changes for 401(k) and other defined contribution plans.

Counseled companies (including publicly traded, closely held, tax-exempt and governmental employers) regarding retirement plans, executive compensation programs, and fringe and welfare benefit issues with a specific focus on the issues specific to the compliance, recruiting and retention issues facing each company.

Recently restructured retirement program to better match client’s recruiting and retention goals, including freezing of benefits under company’s defined benefit pension plan and enhancing defined contribution plan.

Assisted clients through merger and divestiture processes, including preparing and implementing new benefit plans for resulting companies for all types of benefit programs.