Provided by Neal, Gerber & Eisenberg LLP
We help companies and executives design benefit and compensation plans that meet their objectives while complying with the regulatory maze of rules impacting such plans.
Employee Benefit Plans
We counsel clients on pension, 401(k), health care, cafeteria and other types of benefit plans, including design, administration and termination matters. When necessary, we advise fiduciaries on participant claims and defend against adverse actions by the IRS, US Department of Labor and other governmental agencies. We also advise employers on withdrawal liability assessments from union multiemployer pension funds.
We design compensation programs that focus on attracting and retaining employees by using financial incentives aligned with business objectives. Our team has worked with companies and individuals on the full range of compensation programs, including deferred, incentive and equity compensation, change-of-control arrangements and employment and termination agreements. We help executives manage the tax and regulatory implications of their compensation programs.
We apply our extensive experience to the compensation and benefits aspects of buying, selling, merging, restructuring or taking a business public. We focus on identifying liabilities, such as unfunded pension and retiree medical benefits, to minimize the potential for unexpected post-sale liabilities.
Respected firm with notable expertise in ERISA matters. Experienced in advising on benefits plans related to corporate transactions. Clients come from sectors as varied as manufacturing and private equity.
"The partners each have very deep subject matter expertise that complements that of the other team members."
"They make us feel like their only client."
Jeffrey Bakker works on issues such as ERISA compliance and designing equity compensation plans.
"He is the absolute go-to for anything employee benefits-related. He is incredibly good at explaining very complex employee benefits concepts to executives."
Linda Hoseman advises clients on benefit plan compliance, DOL audits, contract negotiations and fiduciary guidance.
"She is thorough and technically proficient." "Linda can help clients maneuver through the challenges that COVID-19 has placed on health & welfare plans."
Patricia Cain is noted for her expertise in employment benefit matters and regularly works on the design and implementation of retirement plans.
"Patty provides a comprehensive approach to ERISA compliance. She is extremely knowledgeable, responsive and patient as we work through a variety of projects." "She is very practical and very easy to work with. She also has very deep and very broad knowledge."