Carol T McClarnon

Practice Areas

Carol has more than 20 years of experience covering all aspects of compliance with the Employee Retirement Income Security Act (ERISA) from both the employer and the service provider perspectives. Carol routinely advises financial services companies on ERISA and federal income tax matters that impact their business operations. She often works together with our Financial Services lawyers in providing legal advice for financial product development in the retirement space.

Carol also represents employers and service providers before the United States Department of Labor and the Internal Revenue Service (IRS). She is skilled in working with clients to proactively resolve compliance issues through obtaining prohibited transaction exemptions, private letter rulings and IRS voluntary compliance relief and closing agreements.

Carol’s extensive background covers the full range of retirement solutions, including qualified defined benefit and defined contribution plans, 403(b) plans and 457(b) plans. Additionally, Carol has in-depth experience counseling providers of individual retirement plans and non-qualified annuities with regard to tax qualification and product tax.