We consult and draft plan documents and employee materials for defined benefit plans. We work well with actuaries and are familiar with “traditional” defined benefit plans as well as cash balance and new comparability plans. In corporate transactions, defined benefit plans assume great importance and we assist corporate attorneys less familiar with those entities in analyzing whether the “risk” is real or imagined. Mr. Chimento, as former Special Counsel to the Pension Benefit Guaranty Corporation, brings the perspective of a regulator to this area of the practice.
Representative Engagements include:
Preparation of custom-drafted cash balance plan and employee communication materials for hospital with 2,000 employees.
Ongoing consultation for a bank client with a prototype defined benefit plan and 2,000 employees.
Preparation of custom-drafted defined benefit plan and employee communication materials for NYSE-listed company with 2,000 employees.
Preparation of custom-drafted defined benefit plan and employee communication materials for well-known investment firm based in Manhattan.
Preparation of defined benefit plan and employee communication materials for a unionized facility of an NYSE-listed company
Preparation of “frozen” defined benefit plan and employee communication materials for employees of an acquired company of an NYSE-listed company.
Assistance to clients who are acquire other businesses with their due diligence review of defined benefit plans sponsored by target companies.
